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The Union Cabinet has given its approval for merger of Bharat Heavy Plate & Vessels (BHPV) Vishakhapatnam with Bharat Heavy Electricals (BHEL). The merger will facilitate BHPV to become a unit of BHEL. BHPV would be able to participate in tenders, obtain orders and attract best vendors for procuring materials / capital goods.

BHPV is an engineering / heavy fabrication company established in 1966 in Vishakhapatnam, Andhra Pradesh. In October, 2005, due to various factors, there were heavy losses and the company was declared sick by the Board for Industrial and Financial Reconstruction (BIFR).

BHEL took over BHPV as its 100% subsidiary in 2008. However, the company`s performance was not up to the mark, as it remained a separate company and it could not derive full benefits of synergy with BHEL.

BHEL Share Price

316.70 7.65 (2.48%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BHEL 316.70
Thermax 4141.20
Kirloskar Oil Eng 1616.95
Skipper 433.50
GMM Pfaudler 931.05
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