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Government weighs 'strategic' PSU tag for Bhel
Hindustan Times Patna
|January 20, 2025
State-run Bharat Heavy Electricals Ltd (BHEL) may no longer be a potential divestment target as the government considers categorizing the maker of rail coaches to power generation equipment as a "strategic" public sector unit, according to two people close to the development.
NEW DELHI:
"Now that a parliamentary committee has also recommended the tag of strategic PSU for the company, there would be further thought on this," said one of the two people cited above, requesting anonymity.
The move reflects the importance of Bhel, which will be crucial as India looks to bolster local production of industrial equipment across sectors, including renewable energy and defence. The company--having forayed into electric mobility, and nuclear and renewable power--has seen its fortunes revive with large thermal power and railway equipment orders.
Dit verhaal komt uit de January 20, 2025-editie van Hindustan Times Patna.
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