BHEL to invest Rs 10,000 crore in next four years

Bharat Heavy Electricals (BHEL) has drawn up an investment plan for over Rs 10,000 crore for the next four years in order to meet the growing electricity needs. In the first phase, the company plans to invest Rs 5,000 crore till December 2009 to increase its current capacity to 15,000 MW, followed by a similar investment to take the capacity to 20,000 MW by 2012.

The company’s order book has exceeded the Rs 1,00,000 crore mark and is still growing. The investments are inline with this order book.

The company is also eyeing overseas acquisitions and has appointed global consultants to provide advice for the same. It had earlier formed a separate unit for overseas expansion keeping aside Rs 10,000 crore. However this did not take off.