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Home arrow News arrow Business News arrow HEC should target annual turnover of Rs 3,000 crore : Kalam
HEC should target annual turnover of Rs 3,000 crore : Kalam Print E-mail
Written by Subash S   
Friday, 26 June 2009
Ranchi: Speaking about the future growth plan for Heavy Engineering Corporation (HEC), Ranchi, former president A.P.J. Abdul Kalam set Rs 3000 crore as its annual turnover target in the next three to five years.

Addressing employees at the HEC heavy machine tools plant premises, he lauded the growth of HEC in the past ten years and the turnaround it achieved in the last three years. He suggested that HEC enter into a long-term MoU with the the space research department.

Heavy Engineering Corporation, as part of its growth plans, has been diversifying into strategic sectors like Space, Nuclear and Defence apart from its traditional sectors of Steel & Mines.

Due to  its association with the space programme, HEC Ltd is now capable of meeting the challenges in terms of adopting advanced technologies or handling complex manufacturing jobs.

Kalam suggested that HEC increase focus on its foray into the manufacture of nuclear power reactors and equipment as the country is currently raising its nuclear power production capacity.

Speaking about the opportunities available, he added that HEC would be able to bag orders due to the modernisation drive at various steel plants in the country. One of the main thrusts of HEC is to play a major role in the expansion plan of SAIL.

Kalam, who had last been to HEC in April 1998, said that young project directors were ready to meet new challenges. Speaking elaborately on management and leadership qualities he also suggested improvements in the working atmosphere for its employees.

He indicated that HEC would play a significant role in achieving "India Mission 2020".

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