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.
- 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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