Bharat Heavy Electricals Ltd (Bhel) will soon unveil a strategic plan to prepare the company to face up to the joint challenge posed by Chinese manufacturers and local joint ventures.
The preparations for the plan are under way, with India’s largest power generation equipment manufacturer having held a strategy meeting of its top brass at Shimla last month. The in-house exercise is to assist the company to streamline its existing businesses and to plan new ventures.
While the power business will continue to be the most important constituent of Bhel’s portfolio in the coming years, industry sectors such as railway transportation and defence are expected to expand in a big way.
“We are working on a new strategic plan, which is expected to be ready in the next six months. We are preparing the organization for the future,” said B.P. Rao, chairman and managing director of Bhel.
The plan will help the company chart its course for the next 10 years that includes the 12th Plan (2012-17) and the 13th Plan (2017-22).
“We are preparing ourselves,” said a senior Bhel executive who attended the meeting in Shimla, but did not want to be identified.
more at:
http://www.livemint.com/2011/06/03232104/Bhel-prepares-strategic-plan-t.html?atype=tp
Friday, June 3, 2011
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment