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HEC on revival path

Ranchi, Jan. 27: Heavy Engineering Corporation Limited (HEC), Ranchi, has undertaken a major drive for consolidation and comprehensive improvement of the company over the remaining two months of the current financial year.

“Shortage of working capital and continuing recession have severely affected the performance of HEC. However, these have not dampened our spirits. To improve HEC’s productivity, we have undertaken a complete modernisation of our flagship foundry and forge plant (FFP) for the first time in the past 55 years,” CMD R. Misra said after unfurling the Tricolour at the company’s corporate headquarters on the occasion of Republic Day.