Bharat Heavy Electricals Ltd (BHEL) is planning to invest more in research and development. It has so far spent Rs 800 crore on R&D.
The public sector company said more thrust would be given on engineering and technology.
Inaugurating a workshop titled ‘Manufacturing Technologies – Realms Ahead’ organised by BHEL Tiruchirappalli, CS Verma, director – finance, BHEL, said India had planned to add 78,577Mw in the Eleventh Plan and to achieve this an average capacity addition of 15,000-17,000 Mw a year was required during the two Plan periods.
During this period, BHEL would come out with higher rating thermal sets and ultra high voltage transmission systems among others.
Speaking on the company’s capacity augmentation scheme, Verma said BHEL was all set to raise its manufacturing capacity to 20,000 Mw a year by December 2011.
BHEL,Tiruchi, executive director AV Krishnan, in his presidential address said the Tiruchi unit had set a target to cross Rs 10,000 crore turnover by the end of this financial year. This can be achieved not just by capacity addition, but also by focusing on capability building with introduction of innovative and new manufacturing processes in the plant, he added.
