BHEL Likely To Put In Rs 3,200-Cr For Expansion

The state-owned company, Bharat Heavy Electricals Ltd (BHEL) is looking at around Rs 3,200 crore investment during the Eleventh Five-Year Plan period to hike manufacturing capacity from the current 6,000 MW to 15,000 MW per annum. BHEL would be spending about Rs 1,200 crore to augment its capacity to 10,000 MW by the end of 2007. BHEL said it would be fully able to meet its investment requirements and meet funding requirements through internal accruals and resources raised from the market. The company said the enhanced capacity together with super critical technology and skilled workforce would further strengthen the company''s position in the domestic market. BHEL would also replace ageing facilities for improving product quality, reducing cost and cycle time and enhancing productivity, besides modernising and upgrading equipment at various power plant sites for meeting enhanced erection load and shorter commissioning schedules.