Sunday, May 27, 2012

Achievements of the Department of Heavy Industries 2011-2012



  The Department of Heavy industries release report of public sector Enterprises performance. As per its report, thirty two operating central public sector Enterprises have achieved an aggregate turnover of Rs. 50006.62 crores and recorded a growth rate of 12.33%. The aggregate annual profit of Rs. 7430.78 crore .The appreciating fact is that the renowned US business Magazine Forbes ranked BHEL as the 9th Most Innovative Company in the world. The automotive sector registered growth of 12.23\4% in 2011-2012. The department taken initiatives to promote the manufacture and use of electric Vehicles under the National Mission of Electric Mobility. The National Automotive Testing and R&D Infrastructure Project (NATRIP) is to be completed by December, 2012 at a revised cost of Rs. 2,288 crore.

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