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Saturday, August 15, 2009 (19:16:22) |
| Tags : Business, BHEL, Investment |
BHEL to invest Rs.485 crore in boiler division |
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| Tiruchirapalli (Tamil Nadu): Power equipment major Bharat Heavy Electricals Ltd (BHEL) will invest Rs.485 crore ($100 million) to expand its boiler division that makes thermal and nuclear plant boilers, a senior official said here today.
"The expansion will be completed by 2011 and the division's capacity will go up to 15,000 MW per annum," BHEL director A.V. Krishnan said here at a flag hoisting ceremony on Independence Day.
At present, the company's capacity is 10,000 MW.
BHEL has set up a new unit here at an investment of Rs.732 crore.
Krishnan said the new machines that have been ordered as part of the expansion plan would be installed in the new high pressure plant, which would be inaugurated shortly.
A company official said the unit was already functional.
The boiler division is expected to achieve a turnover of Rs.10,000 crore this fiscal against the budgeted figure of Rs.9,506 crore, Krishnan said, referring to the good performance of the division. (IANS) |
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