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BHEL takes over BHPV today

Bharat Heavy Plates and Vessels Ltd (BHPV), a central public sector undertaking in Visakhapatnam, which was referred to the Board for Industrial and Financial Reconstruction, will be formally taken over by Bharat Heavy Electricals Limited (BHEL) on Saturday. BHEL will also sign a MoU with APGenco for 125 m Integrated Coal Gas-ification Combined Cycle Power Plant in BHPV premises. As part of the revival package, BHEL will invest Rs 275 crores to revive BHPV.

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