Electrical equipment and engineering major BHEL is working on plans to set up a new manufacturing facility in Maharashtra, for which it would invest Rs159 crore, a top company official said in Tiruchi today.
According to BHEL Tiruchirapalli Complex executive director A V Krishnan, BHEL, with a special focus on power plant equipment, planned a 90,000 MT production facility of seamless tube products at Bandara, in Maharashtra.
Though the proposal is in the initial stage, pending land acquisition, BHEL had decided on a Rs159-crore investment to augment tubular products available in the western region, where requirement was high, PTI quoted him as saying.
According to Krishnan, given the transportation bottlenecks all over the country, the proposed location of the new plant near Nagpur would give it easy access to major steel plants like Bhilai and Rourkela.
He expressed the hope that the plan would gain traction for the blueprint to be ready next month and crystallise in the next two to three years.