BHEL to diversify into new areas for next wave of growth

BHEL today said it will create a diversified portfolio for its next wave of growth that will include areas such as solar energy, transportation and water business. Going beyond thermal power, other areas for capitalising on emerging opportunities include defence and aerospace “to increase the share of business from non-coal areas”, BHEL CMD Atul Sobti said at the 53rd annual general meeting here. He said BHEL was facing newer challenges being thrown up by the forces of change such as climate, technology disruptions, fragile geopolitics, newer regulations, suboptimal investment from the private sector and the changing energy-mix. The company’s manufacturing capacity for solar cells and modules has been expanded to 105 MW and 226 MW per annum, he said. On building capacity and capability through in-house resources and collaboration with global technology leaders, he said BHEL had recently entered into a pact with Kawasaki Heavy Industries Ltd for the manufacture of stainless steel coaches and bogies for Metro Rail. Sobti further said: “The recent launch of the bullet train project from Mumbai to Ahmedabad and new metro rail projects would bring new business opportunities for us.” ref: http://www.thehindubusinessline.com/companies/will-diversify-portfolio-for-next-wave-of-growth-says-bhel/article9868595.ece