BHEL-Trichy Complex to enter new areas including defence

Bharat Heavy Electricals Limited's (BHEL) Tiruchirappalli (Trichy) Complex, which manufactures boilers for the power sector, plans to diversify into new areas as part of its de-risk strategy. The Rs 15,000-crore BHEL-Trichy Complex will enter defence, oil and gas sectors, among others. The Complex has decided to ear mark 20-25 per cent of its capacity for the new business. A V Krishnan, executive director of BHEL-Trichy Complex said the diversification has started. As the first step, the Complex got few trial orders from Defence Research and Development Organisation (DRDO) in Avadi near Chennai to supply 50 thermal pressure components for the battle tanks produced by DRDO. The DRDO's requirement is 250-300 every year and the value is estimated to be around Rs 100 crore, said Krishnan. BHEL-Trichy Complex is also looking at oil, gas and refineries to supply different components to increase revenue from non-crore areas and to fully utilise the capabilities developed over the years. more at: http://www.business-standard.com/article/companies/bhel-trichy-complex-to-enter-new-areas-including-defence-113041300267_1.html