Bharat Heavy Electricals (BHEL) has merged Bharat Heavy Plate and Vessels (BHPV) with itself as part of the rehabilitation scheme approved by the Board for Industrial and Financial Reconstruction’s (BIFR). Following the merger, BHPV has become the 17th manufacturing unit of BHEL.
The unit's name will be now changed to Heavy Plates and Vessels Plant (HPVP). The merger will help BHEL to further diversify its product portfolio. HPVP derives strength from numerous esteemed references in the oil, steel, cement and fertilizer sectors.
After the Cabinet approval in February 2013, the merger scheme was filed with BIFR in March 2013 and the entire merger exercise was completed in a record time of five months thereafter.
