Engineering major BHEL plans to set up a new manufacturing facility in Maharashtra for which it would invest Rs 159 crore, a top company official said here on Friday.
BHEL Tiruchirapalli Complex Executive Director A V Krishnan said BHEL, which has a special focus on power plant equipment, plans a 90,000 tonne capacity production facility of seamless tubes products at Bandara in Maharashtra.
Though it is in the initial stage, pending land acquisition, BHEL has decided to invest Rs 159 crore to augment tubular products available in the western region, where requirement is high, he said.
Krishnan said given the transportation bottlenecks all over the country, the location of the new plant has been chosen near Nagpur due to its easy access to major steel plants like Bhilai and Rourkela.
He expressed hope that things would fortify for the actual blueprint by next month. Production is expected to crystallise in the next two to three years, Krishnan said.