IODChanel59686: general enhance lead and improved wording

2025-08-16T03:49:57Z

general enhance lead and improved wording

← Older revision		Revision as of 09:19, 16 August 2025
Line 1:		Line 1:
			{{Short description\|Public-sector undertaking owned by the Ministry of Heavy Industries of India}}
	{{Use dmy dates\|date=June 2016}}		{{Use dmy dates\|date=June 2016}}
	{{Use Indian English\|date=June 2016}}		{{Use Indian English\|date=June 2016}}

	{{Infobox company		{{Infobox company
	\| name = Bharat Pumps & Compressors Limited		\| name = Bharat Pumps & Compressors Limited
	\| logo = New Logo BPCL.jpg		\| logo = New Logo BPCL.jpg
	\| type = [[Public Sector Undertaking]]		\| type = [[Public Sector Undertakings in India\|Central Public Sector Undertaking]]
	\| key_people = Shri Sunil Parwani (Chairman & Managing Director)		\| key_people = Shri Sunil Parwani (Chairman & Managing Director)
	\| industry = [[Ministry of Heavy Industries and Public Enterprises (India)]]		\| industry = [[Ministry of Heavy Industries and Public Enterprises (India)\|Ministry of Heavy Industries]], [[Government of India]]
	\| products = [[Reciprocating pump]]<br />[[Centrifugal pump]]<br />[[Reciprocating compressor]]<br />[[Gas cylinder]]		\| products = [[Reciprocating pump]]<br />[[Centrifugal pump]]<br />[[Reciprocating compressor]]<br />[[Gas cylinder]]
	\| num_employees = ~~290 (permanent) 700(contract) -2017~~		\| num_employees = 990
	\| foundation = 1970		\| foundation = 1970
	\| location = [[Prayagraj]], Uttar Pradesh, India		\| location = [[Prayagraj]], Uttar Pradesh, India
	\| homepage = {{URL\|http://www.bpcnaini.co.in/}}		\| homepage = {{URL\|http://www.bpcnaini.co.in/}}
	}}		}}
	'''Bharat Pumps & Compressors Limited (BPC)''' is a [[~~Miniratna~~]] ~~Company,~~ [[~~Public Sector Undertaking~~]] (~~PSU~~) of ~~the~~ [[Government of India]]. The ~~company~~ manufactures [[~~Reciprocating~~ pump]]s, [[~~Centrifugal~~ pump]]s, [[~~Reciprocating~~ compressor]]s, and high pressure seamless [[~~Gas~~ cylinder]]s. Headquarters in [[~~Allahabad~~]].		'''Bharat Pumps & Compressors Limited (BPC)''' is a [[Public Sector Undertakings in India\|central public sector undertaking]] (PSU) under the [[ownership]] of the [[Ministry of Heavy Industries and Public Enterprises (India)\|Ministry of Heavy Industries]], [[Government of India]]. The PSU manufactures [[reciprocating pump]]s, [[centrifugal pump]]s, [[reciprocating compressor]]s, and high pressure seamless [[gas cylinder]]s. Headquarters in [[Prayagraj]].

	==History==		==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 {{INRConvert\|1753\|m}} as on 31 March 2005 and the net worth had turned negative at {{INRConvert\|1216\|m}}. The company was referred to the BIFR and was on the verge of being closed down after 35 years of operations.		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 [[Fossil fuel\|oil and gas]] exploration, [[refineries]], [[chemical]] and [[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 {{INRConvert\|1753\|m}} as on 31 March 2005 and the net worth had turned negative at {{INRConvert\|1216\|m}}. 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 {{INRConvert\|191\|m}}, which increased to {{INRConvert\|311\|m}} in 2009-10. During the same period, its net worth increased from {{INRConvert\|569.6\|m}} to {{INRConvert\|1241\|m}}. The turnover went up to {{INRConvert\|2711\|m}} in 2009-10 from {{INRConvert\|1437\|m}} in 2006-07.		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 {{INRConvert\|191\|m}}, which increased to {{INRConvert\|311\|m}} in 2009-10. During the same period, its net worth increased from {{INRConvert\|569.6\|m}} to {{INRConvert\|1241\|m}}. The turnover went up to {{INRConvert\|2711\|m}} in 2009-10 from {{INRConvert\|1437\|m}} in 2006-07.
	The turnaround of the company is credited to 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 Jain, after joining on 31.12.2005, yielded the much awaited turnaround of the Company. BPCL achieved a net profit of ₹1.84 crores during Financial Year 2005-06 after accounting for interest amounting to ₹135 million as against a loss of ₹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.		The turnaround of the company is credited to [[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 Jain, after joining on 31.12.2005, yielded the much awaited turnaround of the Company. BPCL achieved a net profit of ₹1.84 crores during Financial Year 2005-06 after accounting for interest amounting to ₹135 million as against a loss of ₹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. Jain invested nearly ₹100 crores in purchase of new machines and had projected business of ₹1600 crores but this target was never achieved and as a result, company incurred loss.<!-- Incomplete Information. -->		Presently, the company is again running in loss. Jain invested nearly ₹100 crores in purchase of new machines and had projected business of ₹1600 crores but this target was never achieved and as a result, company incurred loss.<!-- Incomplete Information. -->

	On the 28th of September 2016, the [[Government of India]] announced the privatization of Bharat Pumps & Compressors.<ref>~~http~~://www.thehindu.com/~~business/Industry/~~Cabinet-approves-stake-sale-in-Bharat-Pumps-~~amp~~-~~Compressors/article15003992.ece~~</ref> On 17 April 2018 the [[Government of India]] issued an Expression of Interest for a 100% stake in Bharat Pumps & Compressors.<ref>https://www.financialexpress.com/industry/government-invites-expression-of-interest-for-strategic-sale-of-bharat-pumps/1135990/</ref>		On the 28th of September 2016, the [[Government of India]] announced the privatization of Bharat Pumps & Compressors.<ref>{{cite web\| url = https://www.thehindu.com/todays-paper\| title = Cabinet approves stake sale in Bharat Pumps & Compressors - Industry - The Hindu\| website = [[The Hindu]]}} </ref> On 17 April 2018 the Government of India issued an Expression of Interest for a 100% stake in Bharat Pumps & Compressors.<ref>{{Cite web\|url=https://www.financialexpress.com/industry/government-invites-expression-of-interest-for-strategic-sale-of-bharat-pumps/1135990/\|title = Government invites Expression of Interest for strategic sale of Bharat Pumps}}</ref>

	On the 14th of Jan 2021, the [[Government of India]] announced the liquidation of Bharat Pumps & Compressors.<ref>https://www.timesnownews.com/business-economy/companies/article/govt-set-to-wind-up-scooters-india-bharat-pumps/707213</ref>		On the 14th of Jan 2021, the Government of India announced the liquidation of Bharat Pumps & Compressors.<ref>{{Cite web\|url=https://www.timesnownews.com/business-economy/companies/article/govt-set-to-wind-up-scooters-india-bharat-pumps/707213\|title = Govt set to wind up Scooters India, Bharat Pumps}}</ref>

	==References==		==References==
Line 43:		Line 44:
	[[Category:Government-owned companies of India]]		[[Category:Government-owned companies of India]]
	[[Category:Engineering companies of India]]		[[Category:Engineering companies of India]]
	[[Category:Companies based in ~~Allahabad~~]]		[[Category:Companies based in Prayagraj]]
	[[Category:1970 establishments in Uttar Pradesh]]		[[Category:1970 establishments in Uttar Pradesh]]
	[[Category:Indian companies established in 1970]]		[[Category:Indian companies established in 1970]]

117.195.119.137 at 09:26, 3 October 2021

2021-10-03T09:26:50Z

New page

{{Use dmy dates|date=June 2016}}
{{Use Indian English|date=June 2016}}

{{Infobox company
| name = Bharat Pumps & Compressors Limited
| logo = New Logo BPCL.jpg
| type = [[Public Sector Undertaking]]
| key_people = Shri Sunil Parwani (Chairman & Managing Director)
| industry = [[Ministry of Heavy Industries and Public Enterprises (India)]]
| products = [[Reciprocating pump]]<br />[[Centrifugal pump]]<br />[[Reciprocating compressor]]<br />[[Gas cylinder]]
| num_employees = 290 (permanent) 700(contract) -2017
| foundation = 1970
| location = [[Prayagraj]], Uttar Pradesh, India
| homepage = {{URL|http://www.bpcnaini.co.in/}}
}}
'''Bharat Pumps & Compressors Limited (BPC)''' is a [[Miniratna]] Company, [[Public Sector Undertaking]] (PSU) of the [[Government of India]]. The company manufactures [[Reciprocating pump]]s, [[Centrifugal pump]]s, [[Reciprocating compressor]]s, and high pressure seamless [[Gas cylinder]]s. 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 {{INRConvert|1753|m}} as on 31 March 2005 and the net worth had turned negative at {{INRConvert|1216|m}}. 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 {{INRConvert|191|m}}, which increased to {{INRConvert|311|m}} in 2009-10. During the same period, its net worth increased from {{INRConvert|569.6|m}} to {{INRConvert|1241|m}}. The turnover went up to {{INRConvert|2711|m}} in 2009-10 from {{INRConvert|1437|m}} in 2006-07.
The turnaround of the company is credited to 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 Jain, after joining on 31.12.2005, yielded the much awaited turnaround of the Company. BPCL achieved a net profit of ₹1.84 crores during Financial Year 2005-06 after accounting for interest amounting to ₹135 million as against a loss of ₹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. Jain invested nearly ₹100 crores in purchase of new machines and had projected business of ₹1600 crores but this target was never achieved and as a result, company incurred loss.

On the 28th of September 2016, the [[Government of India]] announced the privatization of Bharat Pumps & Compressors.<ref>http://www.thehindu.com/business/Industry/Cabinet-approves-stake-sale-in-Bharat-Pumps-amp-Compressors/article15003992.ece</ref> On 17 April 2018 the [[Government of India]] issued an Expression of Interest for a 100% stake in Bharat Pumps & Compressors.<ref>https://www.financialexpress.com/industry/government-invites-expression-of-interest-for-strategic-sale-of-bharat-pumps/1135990/</ref>

On the 14th of Jan 2021, the [[Government of India]] announced the liquidation of Bharat Pumps & Compressors.<ref>https://www.timesnownews.com/business-economy/companies/article/govt-set-to-wind-up-scooters-india-bharat-pumps/707213</ref>

==References==
{{reflist}}

== External links ==
* [http://www.thehindubusinessline.com/2006/10/08/stories/2006100802780100.htm Business Line: Navaratna' cos to help revive bleeding PSUs]
* [https://web.archive.org/web/20120730042158/http://www.hindu.com/2007/05/17/stories/2007051706171700.htm The Hindu: Bharat Pumps' revamp plan in place]
* [https://web.archive.org/web/20110714112126/http://indiaearnings.moneycontrol.com/sub_india/compnews.php?autono=288648 Moneycontrol.com: Buy BHEL; target of Rs 1650: Merrill Lynch]
* [http://www.abhaykumarjain.com/en Ex - Chairman and Managing Director BPC, Naini, Shri. Abhay Kumar Jain]

{{Public Sector Undertakings in India}}

{{authority control}}

{{DEFAULTSORT:Bharat Pumps and Compressors}}
[[Category:Government-owned companies of India]]
[[Category:Engineering companies of India]]
[[Category:Companies based in Allahabad]]
[[Category:1970 establishments in Uttar Pradesh]]
[[Category:Indian companies established in 1970]]

Bharat Pumps & Compressors - Revision history

IODChanel59686: general enhance lead and improved wording

117.195.119.137 at 09:26, 3 October 2021