Price : [BHEL - BSE:Rs. 1768.75 NSE:Rs. 1773.95 when posted]
Bharat Heavy Electricals Ltd (BHEL) has informed BSE that the Company has formally taken over Bharat Heavy Plate and Vessels (BHPV). The Authority Letter was handed over by Dr. Satyanarayana Dash, Secretary, Department of Heavy Industry to Mr. K Ravi Kumar, CMD, BHEL, in a ceremony held at Vizag on May 10, 2008, in the presence of Sh. Sontosh Mohan Dev, Honble Union Minister for Heavy Industries & Public Enterprises; Sh. P Chidambaram, Honble Union Minister for Finance; Sh. Y S Rajasekhara Reddy, Honble Chief Minister of Andhra Pradesh and Sh. S Jaipal Reddy, Honble Union Minister for Urban Development.
A memorandum of Understanding for setting up the Nations Biggest Integrated Coal Gasification Combined Cycle (IGCC) Power Plant at Vijayawada, was also signed between BHEL and APGenco.