Heavy equipment, machinery production crosses Rs 5 L cr
At present, there is no proposal under consideration in the Ministry of Heavy Industries for disinvestment of BHEL
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New Delhi: The production of heavy engineering equipment and various sub sectors of the capital goods sector increased from Rs 2,66,672 crore in 2020-21 to Rs 5,69,900 crore in 2024-25, the Parliament was informed on Tuesday.
Heavy electrical equipment saw a total production worth Rs 3,64,706 crore in 2024-25, up from Rs 167,706 crore in 2020-21, Minister of State for Heavy Industries Bhupathiraju Srinivasa Varma, informed the Lok Sabha.
While earthmoving and mining machinery saw production worth Rs 80,750 crore in 2024-25 -- up from Rs 29,021 crore in 202-21, printing machinery saw production of Rs 29,716 crore in 2024-25, compared to Rs 10,058 crore in 2020-21, he noted. The minister also said that at present, there is no proposal under consideration in the Ministry of Heavy Industries for disinvestment of BHEL.
However, the Cabinet Committee on Economic Affairs (CCEA), in its meeting on October 27, 2016, inter-alia, accorded its ‘in-principle’ approval on certain aspects in respect of the Central Public Sector Enterprises (CPSEs) under the Ministry of Heavy Industries (MHI).
