Business Daily from THE HINDU group of publications
Tuesday, May 15, 2007
ePaper
Business Daily from THE HINDU group of publications Tuesday, May 15, 2007 ePaper |
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Corporate
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New Projects
Our Bureau
New Delhi May 14 Equipment major Bharat Heavy Electricals Ltd (BHEL) plans to invest around Rs 3,200 crore during the Eleventh Five-Year Plan period to increase manufacturing capacity from the current 6,000 MW to 15,000 MW per annum. The state-owned company would be spending about Rs 1,200 crore to augment its capacity to 10,000 MW by the end of 2007, BHEL said in a statement. 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. The company was focused on addition of facilities for various products in manufacturing units and for construction of tools and equipment for erection and commissioning services at project sites, the statement said. 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, it said.
More Stories on : New Projects | Electrical Goods | Bharat Heavy Electricals Ltd
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