2. A turnaround plan for HMT Ltd. was approved by the Govt. in July, 2000. The major elements of financial and organisational restructuring include fresh infusion to the extent of Rs.395 crs. by Govt., formation of subsidiaries for machine tools & Watch business groups, closing of 5 unviable units and offer of VRS to employees.

3. An Industrial Show was organised in Rajkot sponsored by the Ministry of Heavy Industries & Public Enterprises with the aim of increasing co-operation in heavy and small scale industries. Some of the major PSEs of DHI participated in the show.

4. The management of Lagan Jute Machinery Company Limited (LJMC), a subsidiary of Bharat Bhari Udyog Nigam Limited (BBUNL) has been handed over to M/s.Murlidhar Ratanlal Exports Limited (MREL) ( on 4.7.2000) by way of transfer of 6330 shares of LJMC in favour of MREL.

5. In some of the sick PSEs considered unviable by the BIFR/Expert Agency, Govt. have introduced a Voluntary Separation Scheme (VSS) providing benefits of VRS as a safety net to the employees of the PSEs facing the prospects of closure. VSS provides benefit of ex-gratia under VRS which is much higher than the compensation under the ID Act, 1947.

7. Maruti Udyog Ltd. launched three new models namely ‘Baleno Altura’, ‘Alto-LX’ and ‘Alto-VX’.

8. BHEL registered a substantial jump in the physical export order booking of Rs.703 cr. in 1999-2000 against a booking of Rs.69 crs. in 1998-1999. In the current year 2000-2001 also the company has bagged orders of Rs.650 crs. already (upto Nov. 2000) in the international business segment.

9. Bharat Heavy Electricals Limited (BHEL) bagged the following major orders:-

1. Two orders worth Rs.100 cr. and Rs.75 cr. from Indian Oil Corporation Limited (IOC), envisaging manufacture, supply, erection and commissioning of 30 MW & 20 MW Gas-based cogeneration power plant respectively, for their Panipat Refinery in Haryana and Barauni Refinery in Bihar.
2. An order worth Rs.25 cr. against stiff international competition from Tehri Hydro Development Corporation (THDC) envisaging complete design, manufacture, testing, erection and commissioning of 4 Nos. 306 MVA, 15.75 MV/400 KV three-phase Generator Transformers for their 1000 MW Tehri Hydro Project in Uttar Pradesh.
3. An Asian Development Bank (ADB) funded order from Arunachalam Sugar Mills Limited for 4 MW Steam Turbine-Generator (STG) for their Cogeneration Power Plant at Thiruvannamalai in Tamil Nadu.
4. Setting up of Frame 9 Gas Turbine based Power Plant on turnkey basis at Baghabari, Bangaladesh from the Bangladesh Power Development Board, Government of Bangladesh, valued at Rs.106 crore.
5. An order worth Rs.250 cr., against stiff International Competition, from NALCO for its captive power plant at Angul in Koraput District of Orissa.
6. An order valued at Rs.810 crores from Delhi Vidyut Board for setting up an environment friendly, 330 MW, gas based power project in Delhi, to be commissioned in 30 months’ time. 
7. Two largest ever export orders cumulatively valued at Rs.870 Crores for manaufacture and supply of large size Gas Turbine Generating Units to Government of Iraq under the United Nations "Oil for Food" program. These orders are of special significance, as they envisage the highest rating, 159 MW, Power Plant equipment ever exported from India.
8. Eco-friendly Advance Class Gas Turbine for a 95 MW Perungulam Combined Cycle Power Plant (CCPP) of Tamil Nadu Electricity Board (TNEB) valued at Rs.295 crores.
9. A turnkey order from Indian Oil Corporation (IOC) for setting up an energy efficient & environment friendly 20 MW co-generation power plant at Digboi Refinery Complex in Assam.
10. An order for a state-of-the-art Vessel Traffic Management System (VTMS) from the New Mangalore Port Trust. The order was won by consortium of BHEL with Japan Radio Company. With this order, BHEL marks its entry into the Port Automation business areas.
11. An order worth Rs.365 crore from Karnataka Power Corporation Limited (KPCL) for setting up 210 MW unit at Raichur thermal power station with synchronization targeted in a period of 28 months, thereby setting a benchmark in schedule for commissioning of new projects in the country.
12. Order for supply of 11 numbers of flame proof motors upto 900 KW capacity ratings from Ingersoll Dresser Pumps (IDP), UK.
13. First ever export order an Independent Power Project (IPP) in Sri Lanka for manufacture and supply of Gas Turbine generating equipment (124 MW ISO rating) along with associated auxilliaries and spares, valued at Rs.131 cr.
14. Largest ever overseas turnkey substation contract (330KV) valued at Rs.68 crore, for setting up of a new substation at Lusaka West besides rehabilitation of 11 existing 330 KV & 132 KV class substations, located in different parts of Zambia, being funded by the World Bank.
15. An order for the design, manufacture, supply and testing of one number Hydro Turbine (Kaplan type) of 15 MW for unit 4 of Kurichu Hydro Electric Project (HEP) in Bhutan.
16. An order for Steam Generators from Hindalco Industries Limited (Hindalco), valued at Rs.125 crore for enhancing the capacity of Hindalco’s captive power plant at Renusagar in Uttar Pradesh.
17. A 24 MW Steam Turbine Generator (STG) set by Rama Newsprint and Papers Limited (RNPL) for their steam turbine based cogeneration power plant at Surat in Gujarat.

10. Some other achievements of BHEL are as under :

1. Achieved a milestone by synchronising the second Unit of 250 MW in a record time of 20.5 months at Suratgarh Thermal Power Station (Stage I) in Rajasthan.
2. An employee of BHEL’s Seamless Steal Tube Plant,.Tiruchirapalli, won the coveted Prime Minister’s Shram Bhushan Award.
3. Won the All India Trophy for Top Exporters, in the cataegory of Engineering Consultancy, Technical know-how & other Engineering Services Exporters’, for the year 1998-99 for outstanding export performance.
4. Bangalore plant became the first electronic equipment manufacturing unit to receive the coveted ISO-14001 certification of Det Norske Veritas (DNV).
5. Amongst public and private sector companies in the country, BHEL has been adjudged the best organisation, for honest and prompt payment of customs duties. For the second consecutive years, since its inception in 1998-99, the prestigious ‘Samman Patra 1999-2000’ instituted by Ministry of Finance has been awarded to the Company for their unblemished track record with Airport Customs in terms of payment of Custom Duties.
6. Employees of BHEL contributed a sum of Rupees One Crore to the Prime Minister’s National Relief Fund. A cheque to this effect was presented by Shri K.G.Ramachandran, CMD, BHEL, to Shri Manohar Joshi, Union Minister for Heavy Industries and Public Enterpriese in New Delhi on 27^th September,2000.
7. BHEL has become the first company in the country capable of offering indigenously developed Ceramic Disc Insulators for + 500 KV High Voltage Direct Current (HVDC) applications.
8. BHEL has achieved yet another landmark in the high-tech area of High Voltage Direct Current (HVDC) technology, with the commissioning of the 200 MW, 200 KV National HVDC project (Stage-II). This project has linked the 196 km. DC transmission line between Barsoor in Chhatisgarh and Lower Sileru in Andhra Pradesh. With this, India has joined a select band of advanced countries in the world capable of executing state-of-the-art HVDC projects. The project has been jointly funded by the Department of Heavy Industry, Ministries of Power & Information Technology, BHEL and the two utilities – APSEB and MPEB.
9. BHEL successfully commissioned 600 MW Ranjit Sagar Hydro Electric Project (HEC) in Punjab which is expected to ease the power situation in the power deficit State of Pubjab and cater to the power requirements of Himachal Pradesh and Jammu & Kashmir.

11. Among public and private sector companies, BHEL bagged the highest award of its kind in the country from the Indian Value Engineering Society for adopting Value Management as an organised corporate activity.
12. BHEL has entered into Technical Collaboration with MAX Control Systems Inc. USA, one of the world leaders in the field, for the manufacture of new generation Distributed Control Systems called ‘MAX 1000+Plus’. This system offers extremely fast response time resulting in higher efficiency, reliability, low operating costs and safer plant operation.
13. BHEL won prestigious award namely "Golden Peacock National Quality Award 1999" instituted by the Institute of Directors (IOD) for achieving excellence in quality conforming to global standards.
14. 12 National Safety Awards have been won by BHEL’s plants located at Bhopal, Hyderabad, Bangalore, Ranipet and Jagdishpur for outstanding achievements in terms of highest accident free period and lowest accident frequency rate. The awards were presented by Dr.Satyanarayan Jatiya, Union Minister of Labour on 17^th September, 2000.

11. Braithwaite, Burn & Jessop (BBJ) bagged following major orders during the year :

1. Order for construction of Fourth Krishna Bridge near Vijayawada valued at Rs.19.86 cr.
2. Order for construction of 3 major bridges under North Frontier Railway in Siliguri – Bongaigaon Gauge Conversion Bridge against stiff competition valued at Rs.13.42 cr.

12. BBJ also diversified into marine related activity and procured a dredging order valuing Rs.9 cr. from West Bengal Fisheries Corpn. Ltd.

13. Salem Works of Burn Standard Co.Ltd. (BSCL) obtained ISO-9002 accredition during the year for its Magnesia production activities.

14. Ministry of Labour, the Appropriate Authority, have granted permission for closure of Rehabilitation Industries Corporation Limited (RIC) and Weighbird India Limited (WIL) in pursuance of the Government decision to close down six sick and unviable PSEs. Action for closure of other sick PSEs is under process.

15. Machine Tools Division of HMT introduced a no. of new products like Cylindrical Grinder PCG 130 APG, Drill Tap Centre DT40, Turning Centre Stallian 100, Vertical Machining Centre VCM 400 and VMC 800S.

16. As many as 15 new models were added by HMT for Mechanical Watches and 99 new models for Quartz Watches.

17. HMT launched two new models of Tractors. Model 7511, a heavy duty tractor for dry land cultivation and Model 3522 DX for ploughing and haulage work.

18. HMT implemented Entrepreneur and Technical Development Centre (ETDC) at Dakar, Senegal under contract from Ministry of External Affairs, Government of India. The scope of Project covered supplies and installation of machines and equipment, civil and Electrical and deputation of Experts for imparting on-the-job training.

19. HMT was associated with Govt. of India funded contract for setting up Tool Shop Extension Project in Nepal. The company has also secured an order for setting up a tool room project in Turkmenistan.

20. Scooters India Ltd. (SIL) upgraded its model Vikram 750D which was type approved to meet the pollution norms. Another model 410D has been re-designed and type approved meeting pollution norms was introduced as Vikram 450D.

21. Engineering Projects (India) Limited (EPI) bagged following major orders :

1. order worth Rs.12 cr. which envisages construction of Rain Water (RW) Reservoir, RW Pump House, Civil work Forebay and pump house and other allied works, from National Thermal Power Corporation Limited (NTPC) for their Suratgarh Thermal Power Station (STPS), suratgarh, Rajasthan,
2. two projects Kothagudem Collieries, Andhra Pradesh and Gangapur Dam, Nashik Valuing Rs.32.73 crs. for carrying out various civil construction works.
3. Sardar Sarovar Canal based Drinking Water Project for supply of water to Bhavnagar, District Gujarat, valued at Rs.61.85 cr.
4. Execution of Zero Flaring facilities at Gandhar, Gujarat, valued at Rs.18.45 cr.
5. Three projects valuing Rs.29.19 crores for construction of residential staff quarters at Juhu Aerodrome at Mumbai for Pawan Hans Helicopters Limited (Rs.16.81 crores), Turnkey contract for laying Docklines at Paradeep (Orissa) for IOC (Rs.12.09 crores) and Project Management Consultancy for development of industrial area on GT Road for Greater Noida Authority (Rs.0.29 crores).

22. Prime Minister’s MOU Award-Merit Certificate was awarded to EPI for Excellence in the Achievement of MOU targets for the year 1998-99. EPI achieved the distinction of being amongst the top ten MOU signing companies.

23. Instrumentation Limited have bagged an order for Renovation & modernisation of Santaldih Power Plant in West Bengal at a cost of over Rs.13 crores.

24. Hindustan Paper Corporation (HPC) has been given the CAPEXIL award for its outstanding export performance in 1999-2000 when it exported a total of 12147 tonnes of paper valued at about Rs.27 crs. to Bangladesh, Sri Lanka, Egypt and Mynmar.

25. Amongst public and private sector companies in the country, BHEL won the maximum number of Vishwarkarma Rashtriya Puraskar for the years 1997 and 1998. During this period, seven National safety awards were also bagged by the company.