BHEL is planning to invest about Rs 500 crore in setting up a power equipment fabrication plant at Bhandara, Maharashtra. This equipment fabrication plant will provide direct employment to about 700 people. The entity is about to acquire land for the project and plans to start production within 24 months from the completion of land acquisition activity.
The company aims to increase its turnover to about Rs 1,000 crore from this new plant. The new factory will get support from its manufacturing unit at Trichy. BHEL’s other units at Bhopal, Haridwar, Ranipet and Hyderabad will also extend full support through their fabrication works.