Koppu Sadashiv Murthy is appointed as BHEL CMD
ECONOMY & POLICY

Koppu Sadashiv Murthy is appointed as BHEL CMD

Koppu Sadashiv Murthy, aged 56, had taken over the role of Chairman & Managing Director (CMD) at Bharat Heavy Electricals (BHEL), a state-run organisation. Prior to his appointment at BHEL, Murthy had served as the Executive Director of the Corporate Operations Management group within the organisation. Additionally, he also held the position of CMD at Bharat Pumps and Compressors (BPCL).

Murthy, an alumnus of Bhopal University with a degree in Electrical Engineering, and an MBA in Finance, had started his journey with BHEL in 1989 at the Jhansi manufacturing unit. Over the course of 34 years, he had worked at various BHEL units including those in Hyderabad, Bhopal, Jhansi, and Varanasi.

During his tenure as the Head of Corporate Operations Management in Delhi, BHEL experienced a turnaround under his leadership. The company managed to register profits in the financial years 2022-23 and 2021-22, following two years of losses. Despite the challenges posed by the Covid-19 pandemic at BHEL?s Varanasi unit, the company reported a profit before tax equivalent to over 25% of its revenue in the financial year 2020-21.

At BPCL, Murthy's term was characterised by the establishment of strong relationships with stakeholders. This effort led to the monetisation of assets worth Rs 800 billion and the resolution of longstanding payment and contractual issues.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Koppu Sadashiv Murthy, aged 56, had taken over the role of Chairman & Managing Director (CMD) at Bharat Heavy Electricals (BHEL), a state-run organisation. Prior to his appointment at BHEL, Murthy had served as the Executive Director of the Corporate Operations Management group within the organisation. Additionally, he also held the position of CMD at Bharat Pumps and Compressors (BPCL). Murthy, an alumnus of Bhopal University with a degree in Electrical Engineering, and an MBA in Finance, had started his journey with BHEL in 1989 at the Jhansi manufacturing unit. Over the course of 34 years, he had worked at various BHEL units including those in Hyderabad, Bhopal, Jhansi, and Varanasi. During his tenure as the Head of Corporate Operations Management in Delhi, BHEL experienced a turnaround under his leadership. The company managed to register profits in the financial years 2022-23 and 2021-22, following two years of losses. Despite the challenges posed by the Covid-19 pandemic at BHEL?s Varanasi unit, the company reported a profit before tax equivalent to over 25% of its revenue in the financial year 2020-21. At BPCL, Murthy's term was characterised by the establishment of strong relationships with stakeholders. This effort led to the monetisation of assets worth Rs 800 billion and the resolution of longstanding payment and contractual issues.

Next Story
Real Estate

Gujarat Struggles to Curb Illegal Constructions in Ahmedabad

The Gujarat Regulation of Unauthorised Development Act, 2022, presents a contradiction. While it ostensibly seeks to curb unauthorised development, it simultaneously legalises such constructions upon payment of a fee. Despite being introduced initially in the early 2000s, then again in 2011, and most recently enacted in 2022, the legislation has failed to halt the rise of illegal constructions or unapproved extensions to residential and commercial properties. The Ahmedabad Municipal Corporation's (AMC) practice of demolishing certain structures while regularising others for a fee has weakened..

Next Story
Real Estate

DTCP Issues Notices for Building Code Violations in Gurugram's DLF

Following a recent survey that identified illegal construction and unauthorized commercial activities at 4,183 properties in DLF Phases 1 to 5, the Department of Town and Country Planning (DTCP) informed the Punjab and Haryana High Court about the issuance of notices to property owners. DTCP indicated that 1,138 notices had already been served to homeowners in DLF Phase 3, with additional notices to be issued soon. Property owners have until January 31 to revert to the approved building designs and cease all illegal commercial operations. Failure to comply would result in demolition and seali..

Next Story
Infrastructure Urban

Gujarat HC Removes GST on Industrial Leases to Encourage Investment

The recent ruling is set to streamline transactions and potentially encourage increased investments in India’s industrial and commercial leasing sectors. The judgment addressed whether transferring leasehold rights for Gujarat Industrial Development Corporation (GIDC) plots constitutes a ‘supply’ under the GST Act. The court determined that these transactions involve the transfer of immovable property rather than a service, thereby placing them outside the purview of GST. This decision offers significant relief to industries such as manufacturing, logistics, and warehousing, where long..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000