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.