BHEL intends to spend Rs 1,000 crore on capacity building over the next two- and-a-half years. A K Puri, chairman and managing director, BHEL is reported to have said that the money would be spent on enlarging the product range and on R&D. The company intends to introduce higher capacity power plants, both in thermal and hydro sectors.
BHEL will introduce 800 MW plants for thermal projects, including the hi-tech super critical variety, for which the company is negotiating a technology tie-up with an overseas company. As regards to R&D, BHEL had budgeted Rs 200-crore R&D spend for the current year, up from Rs 110 crore.