Sep 15: The bullet train project that got going in the presence of Prime Minister Narendra Modi and Japanese Prime Minister Shinzo Abe in Ahmedabad, is likely to usher in good times for public sector company Bharat Heavy Electricals Ltd (BHEL).
BHEL’s joint venture with Japan’s Kawasaki Heavy Industries (KHI) could prove to bring in a windfall for the PSU, and could well sweep aside the loss in order inflows experienced of late, said a BS report.
BHEL had been experiencing a decline in orders from the power sector. The orders had dropped from Rs 38,529 crore in 2015-16 to Rs 7,261 crore in 2016-17. Now with the bullet train project having been announced, the BHEL fortunes may change for the better.
The company, which was in the midst of a steep drop in orders, had recently bagged a huge export order worth Rs 10,000 crore for setting up the 2×660 MW Maitree Thermal Power Plant (TPP) in Bangladesh. This apart, the bullet train project is expected to put the PSU back on rails.
Going by news updates, BHEL would manufacture specialised aluminium coaches at its Jhansi or Bhopal facility for the Ahmedabad-Mumbai bullet train.