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BHEL to set up another manufacturing unit in Maharashtra; begins land acquisition

31 Aug 2012 Evaluate

Bharat Heavy Electricals (BHEL), the state owned Engineering major, has proposed setting up another manufacturing unit at Sakoli in Maharashtra in order to meet the requirements of fabricated assemblies of boilers, turbines etc., for power plants. The company would be requiring about 500 acres of land for this proposed plant and the first phase of investment for the project is estimated at Rs 522 crore.

Besides, the process of land acquisition has already begun and the production from the unit would commence in 24 months from the date of land acquisition. This plant would provide direct employment opportunity to around 700 persons upon being operational.

The company has various manufacturing facilities spread across the country, including Haridwar, Ranipet, Bhopal, Bangalore, Hyderabad, Trichy etc.

BHEL Share Price

316.70 7.65 (2.48%)
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Company Name CMP
BHEL 316.70
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Kirloskar Oil Eng 1616.95
Skipper 433.50
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