BHEL to pump Rs 12000 crore on capacity expansion

Bharat Heavy Electricals LtdBHEL, country's premier engineering organization, is planning to pump Rs 12000 crore over the next four years to pick up equity in power projects and to strengthen its capacity.

The blue-chip company intends to enhance its capacity to 20000 MW, by 2011. Besides, it also plans to pick up a 26% stake in more power plants.

According to reports, the funding for the proposed investment will come from internal accruals.

BHEL's current manufacturing capacity can support power generation of 10,000 MW. It includes 2,500 MW of hydro electricity production, and 500 MW captive power plants for the industrial sector.

At 1:50 pm the scrip of the company was trading at Rs 1755 on BSE, up 1 per cent compared to previous close of Rs 1730.

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