Two Navaratna PSUs Bharat Heavy Electricals Limited (BHEL) and Bharat Electronics Limited (BEL) have formed a joint venture to manufacture solar wafers, cells and modules to meet domestic as well as export demands. The unit is likely to come up on 70 acres at Fab City, which never really took off.
The project envisages setting up of a manufacturing facility with a capital investment of Rs 2,000 crore and will provide direct employment to 1,000 people. A high-level team of officials recently visited the city to identify possible location for the plant.
Sources said the team identified about 70 acres in Fab City as the ideal location. It was said to have expressed satisfaction over the land as it is located in an SEZ meant for similar industries and also because of its close proximity to the international airport. Another positive point is, the official say, BHEL has a major unit in the city.
more at :
http://timesofindia.indiatimes.com/city/hyderabad/BHEL-BEL-may-set-up-Rs-2K-cr-unit-at-Fab-City/articleshow/7349602.cms
Wednesday, January 26, 2011
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