Sign up to stay updated with construction related news, recent developments, market trends and more!
Thank you for Subscribing!
BHEL to foray into power generation biz
01 Oct 2011
Bharat Heavy Electricals (BHEL) plans to develop power projects jointly with state entities, provided such joint venture companies source the main power plant equipment from BHEL. The move comes at a time when the government is planning to offload a 5 per cent stake in the state-run power plant equipment maker. Such joint ventures, while generating revenues and business for BHEL, would also generate business for other state run firms, who may operate as sub-contractors or suppliers or vendors to these joint ventures. This would also help power generation projects finance purchase of plant and equipment.