The Tiruchirappalli unit of Bharat Heavy Electricals Ltd (BHEL) is planning to invest Rs 690 crore to enhance capacity and to set up a greenfield pipe manufacturing facility in Tamil Nadu.
Speaking to reporters here, AV Krishnan, executive director, BHEL - Tiruchirappalli, said the complex was in the process of increasing the total capacity to 1,5000 Mw from the current around 10,000 Mw. The company was also setting up a plant at Thirumayam to manufacture pipes with an investment of Rs 250 crore.
“The total investment in capacity enhancement and Thirumayam would be around Rs 690 crore and it will be completed by December 2011,” said Krishnan.
The Thirumayam unit would help the complex diversify into areas like nuclear, refinery and petrochemical apart from its traditional boiler business. “The board cleared the investment yesterday,” said Krishnan.
The company has acquired 40 acre of land and has sought another 40 acre for future expansion.
Krishnan said the Tiruchirappalli unit registered a 34 per cent increase in turnover to Rs 10,008 crore in 2009-10 from Rs 7,460 crore in 2008-09. “While 2009-10 was a turbulent year, 2010-11 will be a challenging year,” he said. The company is targeting to achieve a turnover of Rs 12,678 crore during 2010-11.
