Downhill Journey Of Maharatna PSU BHEL
By G. Srinivasan
The more than five decades old Bharat Heavy Electricals Limited (BHEL), touted as the country’s largest engineering and manufacturing company in design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy ranging from power, transmission, industry, transportation, renewable energy, oil and gas to defense, is now in a downhill growth path.
For a public sector behemoth of the socialist past, BHEL was not only a success saga but also a showpiece of the prowess of a PSU, which had enhanced its power equipment manufacturing capability more recently. Under the Strategic Plan spanning from 2007 to 2012, BHEL pumped in an outlay of Rs 6246 crore to augment its power equipment manufacturing capability from 6000 MW per annum to 20,000 MW per annum in phases.