Bharat Pumps & Compressors

Bharat Pumps & Compressors Limited

Type	Public Sector Undertaking
Industry	Ministry of Heavy Industries and Public Enterprises (India)
Founded	1970
Headquarters	Allahabad, Uttar Pradesh, India
Key people	Abhay Kumar Jain (Chairman & Managing Director)
Products	Reciprocating pump Centrifugal pump Reciprocating compressor Gas cylinder
Number of employees	1070 (2010)
Website	www.bharatpumps.co.in

Bharat Pumps & Compressors Limited (BPC) is a Miniratna Company, Public Sector Undertaking (PSU) of the Government of India. The company manufactures Reciprocating pumps, Centrifugal pumps, Reciprocating compressors, and high pressure seamless Gas cylinders. Headquarters in Allahabad.

History

BPC was set up in 1970 to cut the country’s dependence on import of hi-tech equipment like pumps and compressors for use in critical areas like oil & gas exploration, refineries, chemical & fertilizer plant and nuclear plants. Unfortunately, the company was unable to make profits. Eventually, it turned sick and was referred to the Board for Industrial and Financial Restructuring (BIFR). BPC’s losses had accumulated to ₹1,753 million (US$26 million) as on 31 March 2005 and the net worth had turned negative at ₹1,216 million (US$18 million). The company was referred to the BIFR and was on the verge of being closed down after 35 years of operations.

The company has seen a dramatic turnaround in its performance from the financial year 2005-06. The company’s profit before tax (PBT) in the financial year 2006-07 was ₹191 million (US$2.8 million), which increased to ₹311 million (US$4.6 million) in 2009-10. During the same period, our net worth increased from ₹569.6 million (US$8.5 million) to ₹1,241 million (US$18 million). The turnover went up to ₹2,711 million (US$40 million) in 2009-10 from ₹1,437 million (US$21 million) in 2006-07. The turnaround of the company is credited to Mr. Abhay Kumar Jain, who was appointed the MD of the sick company in the year 2005-06. The special efforts and corporate strategies put in place by Mr. Jain, after joining on 31.12.2005, yielded the much awaited turnaround of the Company. BPCL achieved a net profit of Rs. 1.84 crores during Financial Year 2005-06 after accounting for interest amounting to Rs. 135 million as against a loss of Rs. 108.6 million during previous year 2004-05. This remarkable feat of turnaround is of significance since it was achieved without considering the benefits of financial restructuring. Presently, the company is again running in loss. Surprisingly, Mr Jain invested nearly Rs 100 crore in purchase of new machines and had projected business of Rs 1600 crore. This target was never achieved and as a result, company has again incurred loss

References

External links

Public Sector Undertakings in India (List)

Maharatna	Bharat Heavy Electricals Coal India Gas Authority of India Indian Oil Corporation National Thermal Power Corporation Oil and Natural Gas Corporation Steel Authority of India

Navratna	Bharat Electronics Bharat Petroleum Corporation Container Corporation of India Engineers India Hindustan Aeronautics Hindustan Petroleum Corporation Mahanagar Telephone Nigam National Aluminium Company National Buildings Construction Corporation National Mineral Development Corporation Neyveli Lignite Corporation Oil India Power Finance Corporation Power Grid Corporation of India Rashtriya Ispat Nigam Rural Electrification Corporation Shipping Corporation of India

Miniratna-I	Airports Authority of India Antrix Corporation Balmer Lawrie Bharat Coking Coal Bharat Dynamics Bharat Earth Movers Bharat Sanchar Nigam Bridge & Roof Company (India) Central Warehousing Corporation Central Coalfields Chennai Petroleum Corporation Cochin Shipyard Dredging Corporation of India Kamarajar Port Garden Reach Shipbuilders and Engineers Goa Shipyard Hindustan Copper Hindustan Newsprint Hindustan Paper Corporation HLL Lifecare Housing and Urban Development Corporation Indian Railway Catering and Tourism Corporation Indian Rare Earths Indian Renewable Energy Development Agency Ircon International India Tourism Development Corporation India Trade Promotion Organisation Kudremukh Iron Ore Company Mazagaon Dock Mahanadi Coalfields Mangalore Refinery and Petrochemical Mishra Dhatu Nigam Metals and Minerals Trading Corporation of India MOIL MSTC National Fertilizers National Seeds Corporation Nathpa Jhakri Dam National Hydroelectric Power Corporation North Eastern Electric Power Corporation Northern Coalfields Numaligarh Refinery Oil and Natural Gas Corporation Pawan Hans Projects and Development India Rail Vikas Nigam RailTel Corporation of India Rashtriya Chemicals & Fertilizers RITES Security Printing and Minting Corporation of India South Eastern Coalfields State Trading Corporation of India Telecommunications Consultants India THDC India Water and Power Consultancy Services Western Coalfields

Miniratna-II	Bharat Pumps & Compressors Broadcast Engineering Consultants India Central Mine Planning and Design Institute Central Railside Warehouse Company Educational Consultants India Engineering Projects (India) Ltd. FCI Aravali Gypsum and Minerals (India) Ferro Scrap Nigam HMT (International) HSCC (India) Indian Medicines and Pharmaceuticals Corporation MECON Mineral Exploration Corporation National Film Development Corporation of India National Small Industries Corporation PEC Rajasthan Electronics and Instruments

Information updated as of 26 October, 2014 by Ministry of Heavy Industries and Public Enterprises (India) • See also Public sector banks in India

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