BHEL (Bharat Heavy Electricals Limited) to venture into Development of Metro Rail Coaches

BHEL (Bharat Heavy Electricals Limited) to venture into Development of Metro Rail Coaches

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Date Of Post: 13 June, 2018

Bharat Heavy Electricals Limited (BHEL) will venture into development of metro rail coaches and is also exploring the possibility of manufacturing lithium-ion batteries in India along with 4 foreign firms, Union Minister Anant Geete said. The minister addressing a press conference in New Delhi.

More Information:

  • A collaboration model is being discussed between BHEL and 4 foreign firms entailing a joint venture or a consortium, whereby 20% equity will be owned by BHEL and 80% will be theirs, he said.
  • BHEL has earned a profit of over Rs 1,500 crore and has secured work orders worth Rs 1.18 lakh crore.
  • Efforts were being made for BHEL’s entry into the development of coaches, the minister said.
  • The construction of metro has gathered pace in several cities across the country and BHEL is entering this sector.
  • We have also directed BHEL to make efforts towards manufacturing lithium ion batteries in India, Geete said.

Image Credit: MMRDA

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