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Bharat Heavy Electricals (BHEL), the state owned Engineering major is planning to set up a new manufacturing facility in Maharashtra and would be investing Rs 159 crore for the same initially.

Though, the plans are in the preliminary stage and the land is still to be acquired, but the new unit being planned at Bandara in Maharashtra will have 90,000 tonne capacity production facility of seamless tubes products. The company will also augment tubular products available in the western region, where requirement is high.

Production is expected to start in the next two to three years once the things get finalized in next few months as has been reported by company officials.

Peers
Company Name CMP
Bharat Heavy Elect. 448.90
Thermax 3232.25
Kirloskar Industries 3521.90
Skipper 541.30
INDO-MIM 1357.55
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