Ministry of Heavy Industries and Public Enterprises Current Affairs - 2019
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Bharat Heavy Electricals Limited (BHEL) and Automotive Research Association of India (ARAI) signed MoU (Memorandum of understanding) for cooperation on projects related to e-mobility.
BHEL’s unique strength as technology developer and implementer and ARAI’s expertise and advanced facilities in design, testing and certification of mobility products, will efficiently generate synergies in implementing solutions for Electric & Trolley Bus, EV Chargers, Battery & Charger testing, etc.
Electro mobility (e-mobility)
It refers to development of electric-powered or electronic driven vehicles, and moving away from traditional vehicle design which uses fossil fuels and oils. It includes fully electric vehicles and hybrid electric vehicles.
It was established in 1964 an engineering and manufacturing company. It is owned and founded by Government of India with headquarters in New Delhi. It is India’s largest power generation equipment manufacturer.
- Established in 1966 it is India’s leading automotive R&D organization set up by the Automotive Industry with the Government of India.
- It is an autonomous body affiliated to Ministry of Heavy Industries and Public Enterprises (MOHI&PE, administers 48 central public sector enterprises (PSEs)).
- The Department of Scientific and Industrial Research, Ministry of Science and Technology (MoS&T), recognized ARAI as a Scientific and Industrial Research Organisation (SIRO).
- It is a prime Testing and Certification Agency notified by Government of India under Rule 126 of Central Motor Vehicle Rules, 1989.
Union Government has conferred status of Miniratna: Category–I to National Projects Construction Corporation Limited (NPCC). The empowerment of miniratna status to NPCC will help company to take speedy decisions by enhancing delegation of powers to Board.
National Projects Construction Corporation Limited (NPCC)
NPCC is schedule ‘B’ Central Public Sector Enterprise (CPSE) under administrative control of Ministry of Water Resources. It incorporated in 1957. It is premier construction company having mandate with creation of infrastructure to provide impetus for economic development of the country. It also has been awarded ISO 9001:2015 Certification. NPCC is making continuous profit since 2009-10 and is having positive networth for last six years. It has ambitious business plan with enhanced order book position of Rs. 11833 crore.
Department of Public Enterprises under Ministry of Heavy Industries & Public Enterprises grants status of Maharatna, Navratna, and Miniratna to Public Sector Undertakings (PSUs) and Central Public Sector Enterprises (CPSEs) based upon profit made by these enterprises. These statuses give financial and administrative power to the companies to a certain extent. At present there are total 8 Maharatna, 16 Navratna, 60 Miniratna Category-I and 15 Miniratna Category-II CPSEs.
Tags: Business • Business and Economy • Category I • Construction Corporation Limited • Department of Public Enterprises under • Economy • Economy of India • India • Miniratna • Ministry of Heavy Industries and Public Enterprises • National Projects Construction Corporation Limited • NPCC • Public sector undertakings in India