BHEL open to collaborations with Chinese firms

[SpArK]

BHEL open to collaborations with Chinese firms


Bharat Heavy Electricals (BHEL), which is facing stiff competition from Chinese equipment makers, today said it is open for collaboration with companies from the neighbouring country.

In response to a query on whether the company would be open for collaboration with Chinese entities, BHEL Chairman and Managing Director B Prasada Rao said, "If it adds value to us, we are open to that".

Import of cheaper Chinese power equipment are impacting state-run BHEL which today posted a net profit of Rs 6,868 crore for the year ended March, 2012.

The government is looking at higher import duty on Chinese power gear to provide a level playing field for domestic manufacturers such as BHEL.

Announcing the annual results, Rao said the company is open for collaborations with the private sector.

"Definitely, we will be providing [help] if the private sector comes for help from us. Secondly, we are open for that [collaboration with private sector]," he noted.

Among others, the company would be ready to offer 26 per cent equity in power projects. "We don't mind deploying our resources... That will also help in [ensuring] better business," Rao added.

Unperturbed by the significant slowdown in orders from the power sector, he said that current problems in the power sector are temporary in nature.

The entity's order book declined to Rs 22,096 crore last fiscal, as against Rs 60,000 crore in 2010-11 mainly due to sluggishness in the power sector.

As part of efforts to boost its overall business in the coming years, BHEL would be focusing on growth areas such as transportation and defence.

Rao stressed that transportation is expected to be the next growth area for the company after power.

"We have formed a group within the company to focus on metro [business]... We are also [participating] in the latest tender of Delhi Metro Rail Corp," Rao said.

According to him, the company is now refocusing on wind mills, which it left long back. "We are now looking for partner again... Defence is another big area," he added.


BHEL open to collaborations with Chinese firms

 

[ashokdeiva]

This is good move and I welcom any thing that will increase the stake of BHEL both domestic and abroad. I have a few shares of this company and have not seen profit for a very long time. I hope the top brass of BHEL are in the right direction. Its not possible to fight with the Chinese Heavy Electrical Manufactures, so if you can't fight the best way is to befriend them and use them for your benifit and theirs too (Win - Win)

 

[xataxsata]

Hell no

BHEL is the biggest power plant manufacturer after Shanghai electric and soon it will be the biggest.

We don't need chinese their only advantage is cheap labor, if we need more latest technologies then have a JV with Germans, Japanese, Americans they are begging for it.

 

[somebozo]

It is a shame considering india is the largest exporter of GRP wind tubine blades.

 

[ashokdeiva]

It is a shame considering india is the largest exporter of GRP wind tubine blades.

is this your way of provoking a troll feast, if it is. Its pathetic.
The Global economy is driven and is made steady because of joint ventures and not because a company is broken. How big you are, its always any advantage to coloborate with good/performance oriented companies.

Have you not heared the stroy about the proverb "United we Stand, Divided we fall"

 

[FairAndUnbiased]

Hell no

BHEL is the biggest power plant manufacturer after Shanghai electric and soon it will be the biggest.

We don't need chinese their only advantage is cheap labor, if we need more latest technologies then have a JV with Germans, Japanese, Americans they are begging for it.

if it was cheap labor, then BHEL should be biggest by far. Indians make 1/6th the wage of Chinese. A Chinese garbageman makes more than most Indian IT professionals in both purchasing power and in nominal terms.

 

[IndoCarib]

if it was cheap labor, then BHEL should be biggest by far. Indians make 1/6th the wage of Chinese. A Chinese garbageman makes more than most Indian IT professionals in both purchasing power and in nominal terms.

A chinese garbage man makes more than equivalent of USD 1000 per month ?

 

[Splurgenxs]

if it was cheap labor, then BHEL should be biggest by far. Indians make 1/6th the wage of Chinese. A Chinese garbageman makes more than most Indian IT professionals in both purchasing power and in nominal terms.

IS tht what they tell u ? i bet ur really proud of chugging garbage here a well

 

[Abhishek_]

if it was cheap labor, then BHEL should be biggest by far. Indians make 1/6th the wage of Chinese. A Chinese garbageman makes more than most Indian IT professionals in both purchasing power and in nominal terms.

speaking from personal experience??

 

[sexy gun]

A chinese garbage man makes more than equivalent of USD 1000 per month ?

Ate too many reptiles and now shitting all over the forum...

btw, an average IT professionals' starting salary would be $1000 which only increases with experience..

 

[Skull and Bones]

Ate too many reptiles and now shitting all over the forum...

btw, an average IT professionals' starting salary would be $1000 which only increases with experience..

So is true for garbageman, his income increases with the amount of garbage he collects. Ask FairandUnbiased, he's experienced in this field.

 

[dearone4u_22]

It is a shame considering india is the largest exporter of GRP wind tubine blades.

You know what is a real shameful .....not having any heavy manufacturing industry.....now let me see which country in our neighbourhood is that ...... Ok i know and i guess you also do ....... its a jehadi factory that you live in

 

[cloud_9]

if it was cheap labor, then BHEL should be biggest by far. Indians make 1/6th the wage of Chinese. A Chinese garbageman makes more than most Indian IT professionals in both purchasing power and in nominal terms.

 

[longyi]

Hey you shouldn't laugh, my brother in law is a garbage man and he make over $60,000 a year with overtimes.

 

[Kiss_of_the_Dragon]

Hell no

BHEL is the biggest power plant manufacturer after Shanghai electric and soon it will be the biggest.

We don't need chinese their only advantage is cheap labor, if we need more latest technologies then have a JV with Germans, Japanese, Americans they are begging for it.

LMAO...we chineses are cheap labors by Indian standard...