Bhel set to miss target

Bharat Heavy Electricals Ltd (Bhel), the country's largest power equipment manufacturer, is set to miss its capacity addition target, which may delay power projects of companies such as NTPC and other state-run utilities by at least three months, according to sources.

Bhel had set a goal of increasing its manufacturing capacity to 15,000 mw by December 2009 from the existing 10,000 mw.

Over 90% of the thermal plant orders from government owned power companies such as NTPC are placed with Bhel.

"The management of the company has told us that they are facing some financial problem due to which delivery of some critical machinery has not been made by the foreign firms. They would need another 100 days to get their increased capacity to be in place," said a source in the power ministry.


ref:
http://www.dnaindia.com/money/report_bhel-set-to-miss-target_1328536