A resume
of important activities of Department of Heavy Industry for the month of
December, 2004
Bharat
Heavy Electricals Ltd. (BHEL)
·
Won turnkey
contract being funded by the Japan Bank for International Cooperation
(JBIC), valued at Rs. 1198 crore from
West Bengal Power Development Corporation Limited for setting up two units of 210 MW each at Bakreswar Thermal
Power Station (TPS) in West Bengal.
·
Won an order valued at Rs. 410 crore to set up a 250
(2x125) MW captive power plant at Jindal Stainless limited (JSL)’s upcoming
project in Orissa
·
Secured a turnkey substation contract valued at Rs. 30
crores from Uttaranchal Power Corporation Ltd. (UPCL) for setting up a new 220
kV grid substation at Pantnagar in Uttaranchal
·
Established world class ‘Centres of Excellence’ for
Computational Fluid Dynamics and Stimulators at Corporate R and D in Hyderabad
to cater to a wide variety of products of the power and industry Sector.
·
Declared an all time high interim dividend of 35% on
equity for fiscal year 2004-05 as against an interim dividend of 30% paid last
year.
·
Contributed Rs. 1 crore to the Prime Minister’s National
Relief Fund for the victims in the Tsunami-affected States.
HINDUSTAN SALTS LIMITED (HSL)
·
As per the policy of the Govt. towards public sector, one
PSE of this Department namely Hindustan Salts Ltd. was placed before the Board
for Reconstruction of Public Sector Enterprises on 24.12.2004 for
recommendations on the future of the Company.
HMT Ltd.
·
Executives of Company along with Department of Heavy
Industry officials had discussions with the Indo-Czech Joint Delegation
regarding exploring the possibility of technical cooperation for the
manufacture of tractors and bearings.
·
A delegation led by His Excellency Mr. Thura U Thaung
Lwin, Deputy Minister, Ministry of Railways, Myanmar had discussions with the
company regarding modernisation of railways at Myanmar and later visited
machine tools manufacturing factory at Bangalore.
Performance of major PSEs under DHI.
A brief
tabular statement on the performance
of some of the major PSEs under DHI is
enclosed. (Annex.). It shows that the
growth in production was 13.25% as compared to overalll industrial growth of
8.4% in April-October, 2004.
Annex.
Department
of Heavy Industry
Performance
of major PSEs of DHI during April -November 2004
|
S.No |
PSE |
Production (Rs. Crores) |
Profit(+)
Loss(-) (Rs.
Crores) |
||
|
|
|
April-Nov.
2004 |
April-Nov.
2003 |
Growth
- %age |
April-Nov.
2004 |
|
1. |
Bharat
Heavy Electricals Ltd. (BHEL) |
4563.00 |
3983.00 |
14.56 |
436.00 |
|
2. |
Burn
Standard Co. Ltd. (BSCL) |
118.20 |
100.33 |
17.81 |
-63.83 |
|
3. |
Heavy
Engg. Corporation. (HEC) |
102.42 |
93.21 |
9.88 |
-93.63 |
|
4. |
HMT
(Machine Tools) Ltd. |
120.40 |
103.38 |
16.46 |
-74.52 |
|
5. |
Scooters
India Ltd. (SIL) |
85.92 |
95.31 |
-9.85 |
0.24 |
|
6. |
Hindustan
Paper Corpn (HPC) |
326.09 |
354.70 |
-8.07 |
8.66 |
|
7 |
Hindustan
Newsprint Ltd. (HNL) |
178.22 |
159.90 |
11.46 |
4.27 |
|
8 |
Engg.
Projects (India) Ltd. (EPI) |
261.91 |
229.40 |
14.17 |
3.19 |
|
9 |
Bridge
& Roof Co. Ltd. (B&R) |
244.45 |
187.84 |
30.14 |
-35.15 |
|
10 |
Tyre
Corpn.of India Ltd. (TCIL) |
28.36 |
93.82 |
-69.77 |
-38.57 |
|
11 |
Cement
Corporation of India Ltd. (CCI) |
119.00 |
57.84 |
105.74 |
-135.69 |
|
12 |
HMT
Ltd. (Holding Co.) |
104.43 |
61.90 |
68.71 |
-14.75 |
|
|
Total |
6252.40 |
5520.63 |
13.25 |
-3.78 |
Note
Companies
with average monthly production / turnover exceeding Rs. 10 crores per month
during
2003-04 have been regarded as major PSEs.