BHEL charts strategic plan to address business challenges
State-run BHELNSE 3.46 % has kicked off a transformational strategy to address multiple business challenges including decline in its traditional market for thermal power equipment, disruptive technology developments and increasingly stringent customer requirements."The company aims to turn the current challenges into opportunities for the future. Thus, we have declared 2020 as the year of transformation", a Bharat Heavy Electricals Limited (BHEL) spokesperson told PTI.In its over five-decade journey, BHEL has been a key contributor to India's industrial development, he said, stating that more than 50 per cent of the electricity generated in the country comes from BHEL-manufactured power generation equipment (including thermal, hydro, nuclea.....