Bharat Heavy Electricals, the power equipment major announced an investment of over Rs.10, 000 crores in the next four years to ramp up capacity to meet the growing electricity needs.
BHEL's Chairman and Managing Director, K Ravi Kumar reportedly said that the company would invest Rs.5, 000 crores in its initial phase till December 2009 to reach 15,000 MW capacity. He said that the Board has also approved an investment of similar amount to take the capacity to 20,000 MW by 2012.
The report said that on the overseas expansion, the company is looking for acquisitions and is likely to appoint global consultants to advise them. Earlier, BHEL had set aside Rs.10, 000 crores for overseas expansion and were scouting for companies on its own.
Ref: http://www.rttnews.com/ArticleView.aspx?Id=685289&SMap=1
Friday, August 15, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment