Bharat Heavy Electricals has revealed that the company, in the coming three fiscals, will enhance its manufacturing capacity to 20,000 MW from the current 10,000 MW.

According to the sources, the company expects to reach the 15,000 MW manufacturing capacity mark by this year-end.

While commenting on the plan,  Mr. K Ravi Kumar, CMD, BHEL said, “Attention is also being given to rebuild and retrofit existing facilities to enhance their life, accuracy and productivity through additional investment.”

The sources also disclosed that the company has inked MoU with Tamil Nadu Electricity Board for forming a joint venture to build a 2x800 MW supercritical thermal power project.

Shriram EPC has revealed that the company has secured two orders with combined worth of Rs. 809.7 million from Rashtriya Ispat Nigam for its Visakhapatnam Steel Plant.

According to the sources, the first order will execute design, manufacture, supply of indigenous plant and machinery and equipment for the Special Bar Mill (SBM). Whereas, the second order carry out storage, handling, erection, testing, commissioning and PG tests for the SBM.

World’s top engineering, construction and services company, Era Infra Engineering has revealed that it has secured a contract for upgradation of I.M.S. under PMSSY at BHU, Varanasi by Central Public Works Department (CPWD).

According to the sources, the conglomerate has bagged the proposed pact at an investment of Rs 525.5 million approximately.

Era Infra Engineering participates in broadened construction activities for airports, power projects, infrastructure, institutional and industrial complexes, multiplexes and residential buildings.

Stock market analysts have maintained ‘buy’ rating on Bharat Earth Movers Limited (BEML) stock with an intraday target of Rs 792.

According to them, interested traders can purchase the stock above Rs 785 with a strict stop loss of Rs 780. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 794.
 

India’s public sector company, Bharat Heavy Electricals is planning to invest INR 1,400 crore to increase its power equipment capacity. It would build a manufacturing facility for castings and forgings as per its planning.

The state run company has already formed a joint venture with Heavy Engineering Corporation to meet technical needs. The CMD of BHEL; Mr K Ravi Kumar explained the planes of company for the next fiscal.

Karvy Stock Broking Limited has maintained ‘buy’ rating on Larsen and Toubro Limited (L&T) stock with an intraday target of Rs 2660.

According to Karvy, interested traders can purchase the stock above Rs 2615 with a strict stop loss of Rs 2590. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 2667.