The Union Cabinet of India approved merger of Bharat Heavy Plate & Vessels Ltd. (BHPV) Vishakhapatnam with Bharat Heavy Electricals Limited (BHEL) on 21 February 2013. After the merger, BHVP will be a unit of BHEL.
Post-merger, BHVP will be able to participate in the tenders as well as obtain the orders.
Bharat Heavy Plate & Vessels Ltd. (BHPV)
Bharat Heavy Plate & Vessels Ltd. (BHPV) is the engineering and heavy fabrication company which was established back in 1966 in Andhra Pradesh. The company had suffered immense loss because of various reasons.
Bharat Heavy Electricals Limited (BHEL)
Bharat Heavy Electricals Limited (BHEL) acquired BHPV in 2008 as 100 percent subsidiary. However, because BHVP was a separate company, therefore it was not able to derive complete benefits.
Bharat Heavy Plate & Vessels Ltd. (BHPV) Merged With BHEL
The Union Cabinet of India approved merger of Bharat Heavy Plate & Vessels Ltd. (BHPV) with Bharat Heavy Electricals Limited (BHEL) on 21 February 2013.
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