After successfully producing 80 mm naval guns for the past two years, Bharat Heavy Electricals (BHEL) would now also manufacture 127 mm naval guns.
The Haridwar unit of BHEL had already signed a contract with the union government for the purpose, Acting Director of Heavy Electricals Equipment Plant (HEEP) Virendra Pandhi said.
BHEL Haridwar registered an annual turnover of Rs 5,415 crore in 2011-12 which is 27% more than the previous year, he said, adding the company wants to increase the annual turnover to Rs 1 lakh crore till 2016-17.
Pandhi said in view of the growing competition and demand of the market, BHEL also intends to diversify in the fields of manufacturing equipments like pollution control.