‘Competition from China is no longer a threat for BHEL’

Bharat Heavy Electricals Ltd (BHEL), India’s State-run power equipment maker, is facing tough times. Though the order book is sound, the slowdown in the power sector and troubles in coal fields have put pressure on the company’s growth curve. At the helm, confronted with many more challenges, is B Prasada Rao. Having steered BHEL for five years, Rao got a rare extension for two more years from January 1, 2014. In an with Business Line, he explained the reasons for the tight situation and steps to bounce back. Your turnover, order book and finances are under strain. What factors have led to these difficult times? Yes, BHEL finds itself in a challenged situation. We crossed a record turnover of ₹50,000 crore during 2012-13. However, in FY-14, there was a dip and we ended up with just over ₹40,000 crore. Our order book, however, is healthy at ₹1.1 lakh crore. more at: http://www.thehindubusinessline.com/companies/competition-from-china-is-no-longer-a-threat-for-bhel/article6160121.ece