Bharat Heavy Plate and Vessels (BHPV), has merged with Bharat Heavy Electricals (BHEL), as part of the rehabilitation scheme approved by the Board for Industrial and Financial Reconstruction (BIFR).
Through the merger, BHPV has become the 17th manufacturing unit of BHEL. The unit will now be named Heavy Plates and Vessels Plant (HPVP), Vishakhapatnam. Till now, BHPV was a wholly-owned subsidiary of BHEL. After the cabinet approval in February 2013, the merger scheme was filed with BIFR in March 2013 and the entire merger exercise was completed by August 2013.
With this merger, BHEL will gain entry into the oil and gas sectors for products like group gathering stations, and gas processing units.