Power equipment maker Bharat Heavy Electricals Ltd on Monday said it will spend Rs 3,200 crore in the 11th Five-Year Plan period to increase manufacturing capacity from the current 6,000 MW to 15,000 MW per annum.
The company would be spending Rs 1,200 crore to augment its capacity to 10,000 MW by end of 2007, BHEL said in a statement.
BHEL said it would be fully able to meet its investment requirements and meet funding requirements through internal accruals and resources raised from the market.
It said the enhanced capacity together with super critical technology and skilled workforce would further strengthen the company's position in the domestic market.
BHEL said the installed capacity base in the country was expected to increase by 1,50,000 MW by the end of 12th Plan and it expected the enhanced capacity of 10,000 MW to meet the immediate power equipment demand for the 11th Plan.
The company was focused on addition of facilities for various products in manufacturing units and for construction of tools and equipments for erection and commissioning services at project sites, the statement said.
BHEL would also replace ageing facilities for improving product quality, reducing cost and cycle time and enhancing productivity, besides modernising and upgrading equipment at various power plant sites for meeting enhanced erection load and shorter commissioning schedules, it said.
The expansion plans would include adding work centre capacities to existing manufacturing units, the company said.