New Delhi: State-run Bharat Heavy Electricals on Thursday said it would enhance its manufacturing capacity to 20,000 MW in the next three years from the current 10,000 MW.
“BHEL will increase its manufacturing capacity from the present 10,000 MW to 20,000 MW by the year 2011,” a company statement said.
The company expects to reach the 15,000 MW manufacturing capacity mark by this year-end, it said.
Besides, capacity augmentation of existing products, other major areas of investment include facilities for higher rating nuclear sets, 765 kV transformers and other associated transmission equipment.
“Attention is also being given to rebuild and retrofit existing facilities to enhance their life, accuracy and productivity through additional investment,” BHEL CMD K Ravi Kumar said in the statement.
On the partnership front, he said the company entered into an MoU with Tamil Nadu Electricity Board for forming a joint venture to set up a 2x800 MW supercritical thermal power project.
An MoU was signed with MMTC for enhancing export of power plant equipment and projects leveraging counter trade and bulk buying, Kumar said. An MoU was also signed with NTPC to form a joint venture for jointly executing EPC projects and power equipment manufacturing, he added.
BHEL secured the highest-ever orders worth Rs50,270 crore in 2007-08 and has an order book position of over Rs85,000 crore.
The company’s turnover reached Rs21,401 crore, registering a growth of 14.2% and net profit soared 19% over the previous year to Rs2,859 crore.