BHEL to spend 220 crore to expand Haridwar facility

New Delhi: BHEL said it will invest an additional Rs 220 crore to upgrade production at its blade shop in Haridwar to 2.25 lakh blades by 2009.

Bharat Heavy Electricals Ltd (BHEL) has already invested Rs 180 crore on the blade shop, set up in 2003 to produce 40,000 lakh blades.

'With this, BHEL will become fully capable of manufacturing advanced design blades for thermal sets up to 1,000 MW capacity,' the company said in a statement.

Shares of the company yesterday closed at Rs 2,368.85 each, down 1.31 per cent on the Bombay Stock Exchange.

Advanced design blades are used in thermal sets for better efficiency and lower heat rate.

BHEL has embarked on an expansion plant to augment its manufacturing capacity to 15,000 MW per annum by 2009. The capacity augmentation at Haridwar blade shop is a part of the overall plan.

The company is also setting up a new fabrication plant and a central stamping unit at Jagdishpur in Uttar Pradesh at an investment of Rs 306 crore.