Bharat Heavy Electricals Ltd,cold to competition heat, says rivals not strong

From near domination now to a cut-throat environment in a couple of years, one would argue that times are going to be quite different for B Prasada Rao and Bharat Heavy Electricals Ltd, the only employer he has had in his 32 years of professional life.

However, Rao, chairman and managing director of the state-owned power equipment maker, seems least perturbed.

“None of the players has the strength Bhel has, and the company doesn’t really book an order which will cut its legs,” he said in an interview.

Mention that Bhel had a near monopoly status so far which will go away in a couple of years, and Rao—excruciatingly laconic—objects to the reference.

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http://www.dnaindia.com/money/report_bharat-heavy-electricals-ltdcold-to-competition-heat-says-rivals-not-strong_1428337