BHEL to invest INR 12,000 crore in next 4 years
Power equipment maker BHEL announced an investment of INR 12,000 crore over the next four years to pick up equity in power projects and to ramp up its capacity to support the generation of about 20,000 MW.
Mr K Ravi Kumar CMD of BHEL told reporters that "We want to ramp up our capacity by 2011 we plan to become a 20,000 MW company. Besides we also plan to pick up a 26% stake in more power plants. In all we have plans to invest INR 12,000 crore in the next four years.”
Asked about the source of funding, he said that "It will come from internal accruals as BHEL is a cash - rich company."
BHEL's current manufacturing capacity can support power generation of 10,000 MW. It includes 2,500 MW of hydro electricity production, and 500 MW captive power plants for the industrial sector. A thousand MW is exported and the power plants coming up can generate 6,000 MW. By the end of this fiscal, the company hopes to make equipment for generating 15,000 MW.
(Source : zeenews.com)
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