Scope:
Heavy Engineering Corporation (HEC), Ranchi incorporated in 1958 has been serving steel industry, mining, defence, atomic energy, railways, etc. The authorized capital of the Company is Rs.1000 Crore with paid up capital of Rs.606.08 crore. HEC has 1153regular employees (500 officers, 28 Supervisors, 625 Workers) and 1623 contract workers as on 30.6.23.
Introduction:
Company has an integrated engineering complex at its headquartered at Ranchi Dhurwa Ranchi. HEC executes turn-key projects from concept-to-commissioning. HEC has acquired expertise in its field through its more than half a century's experience. it was incorporated with the primary objective of achieving self-sufficiency and self-reliance in the field of design and manufacture of equipment and machinery for iron and steel industry and other core sector industries such as Mining, Steel, strategic sectors like Defence, Atomic energy, and Space research.
Net worth of HEC was completely eroded in 1992 and it was referred to BIFR. Revival plan sanctioned by BIFR in 1996 could not succeed and BIFR ordered for winding up of HEC in July 2004; HEC appealed against winding up decision in High Court Jharkhand. Subsequently, in October 2005 BRPSE (Board for Reconstruction of Public Sector Enterprises) recommended revival of HEC and revival package approved by Cabinet in Dec, 2005.
Thereafter, several revival packages in the form of loans/ financial support/ sale of land etc. were given to HEC with approval of Cabinet in 2008, 2013, 2014 and 2017. Despite all these efforts, performance of HEC did not improve and it is still in very poor financial position.
Strategic disinvestment of HEC was also attempted, as per recommendations of Core Group of Secretaries on Disinvestment (CGD). In 2018, transfer of HEC to DAE was attempted but could not be concluded as DAE recommended for maintaining status quo.
PAN India Presence:
HEC has all its manufacturing facilities located at Ranchi, the capital city of Jharkhand. It also has two branch offices located at Delhi and Kolkata.
Performance statistics: Physical and Financial Performance during last five years:
(Rupees in Cr.)
| Parameter | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
|---|---|---|---|---|---|
| Turnover | 356.21 | 132.68 | 202.76 | 184.69 | 91.43 |
| Production | 340.22 | 158.29 | 252.43 | 203.84 | 60.50 |
| Net Profit/Loss | -93.67 | -405.37 | -175.78 | -256.07 | -230.85 |
| Accumulated Loss | 691.32 | 1096.69 | 1272.47 | 1528.54 | 1759.38 |
| Net Worth | 10.38 | -400.73 | -582.25 | -844.07 | -1080.66 |
| Order Booking* | 175.08 | 1010.46 | 1421.44 | 185.64 | 140.31 |
| Production(MT) | 7670 | 5858 | 6002 | 1798 | 665 |
| Capacity Utilization (%) | 16.00 | 12.22 | 12.52 | 3.75 | 1.39 |
*Outstanding Order Book as on 30.6.23 is Rs.1357 Crores.
Products and services:
HEC manufactures wide variety of products in capital and strategic sector. Its products are generally tailor-made suiting technical specifications of customers. Its supplies comprise of following:-
- Special Grade Forgings for various strategic applications
- Electric Rope Shovel and its spares, Dragline equipments and spares
- Coke oven machines and other spares for steel plant equipment such as Large Bell & Hopper, Hollow Shaft etc.
- Forged Rolls (for Flat products), Higher capacity Slag Cups
- Mineral processing equipment like Gyratory Crusher, Cone crusher, Jaw crusher, Hammer crusher, Four roll crusher etc.
- Special machine Tools for Steel, Railway, Defence and Strategic sector like Deep hole boring machine, Heavy duty lathe, Radial drill, Roll grinding, Planing & Plano milling machine etc.
- Heavy duty EOT Cranes
- Heavy castings and Forgings
Key activities:
Design and manufacture of equipment and machinery for
- Capital sectors - Mining, Steel, and Railways, etc.
- Strategic sectors – Defence, Atomic energy and Space research.
Execution of Turn key projects for Coal Handling Plants and Coal Washeries.
Achievements:
The Major achievements of HEC in Steel/Defence/Mining/ Railways sectors are as under:
- Over 550 thousand tons of equipment manufactured and supplied to Steel Sector.
- Significant contribution in setting up of Bokaro and Vizag Steel plant.
- Equipment supplied for expansion of Bhilai Steel Plant.
- Supplied to almost all the Steel plants of India.
- Supplied over 580 Excavators (of 4.6 /5 /10 CuM capacity) .
- Supplied 12 numbers of 24 CuM Draglines.
- Supplied over 10 numbers of Heavy Duty Gyratory 1500 TPH crushers.
- Manufactured over 300 numbers of Cranes.
- Supplied over 900 Machine Tools.
- HEC has successfully developed High Strength Low Alloy Steel Grade DMR-249A and 249B for Naval Application
- HEC successfully manufactured cyclotron Magnet Poles and associated components for VECC (Department of Atomic Energy).
- HEC has successfully manufactured special forging of nuclear grade for nuclear submarines.
- Spares for Steam Engines in North Frontier Railways successfully supplied by HEC.
International Collaborations:
Nil.
Contact name and address
Corporate Office
Heavy Engineering Corporation Limited, Plant Plaza Road, Dhurwa, Ranchi, Jharkhand, 834004
Phone: +91 651 2401249/2401176
Email : corpmktg@hecltd.com
Branch Office
Heavy Engineering Corporation Limited, E-84, Masjid Moth, Greater kailash-III, New Delhi - 110048
Phone: +91 11 29220224/41437422
Email : hecdelhi@hecltd.com
Heavy Engineering Corporation Limited, 77, Park Street, Kolkata - 700016
Phone: +91 33 22290661/22290661
Fax : +91 33 22291509
Email : heckolkata@hecltd.com
Website Url: https://www.hecltd.com/
