Mumbai: Bharat Heavy Electricals Ltd (BHEL) has so far invested about Rs 720 crore on modernisation and expansion projects at its various manufacturing units out of the total sanctioned amount of Rs 1,200 crore.
The investments are aimed at increasing BHEL's manufacturing capacity to 10,000 MW of power generating sets per year compared to the current 6,000 MW, a BHEL release said.
The engineering giant has also planned to introduce hydro turbine generator sets of higher rating and advanced class gas turbines to cater to the changing market requirements.
BHEL, which is celebrating its golden jubilee, is also acquiring new technology to produce thermal power equipment with supercritical parameters for the next higher rating of 800 MW sets and above, the release quoted minister of heavy industry and public enterprises Sontosh Mohan Dev as saying.
The public sector firm has also tied up with French power equipment major Alstom for these sets, the release added.