TIRUCHIRAPALLI: PSU power equipment manufacturer BHEL is eyeing overseas markets for exports, a top company official today said.
"BHEL is looking at the markets of South Africa, Zambia, Belarus, Indonesia, Libya and Bangladesh", Executive Director of BHEL Trichy Complex A V Krishnan told reporters here.
"We have participated in the tenders," he said, adding that Indonesia was a big market.
To a query, he said that BHEL was looking at inorganic and organic growth.
"We do not want to enter into any JV with any other company for boiler manufacturing," he said.
Krishnan said that the Trichy complex of BHEL, which manufactures boilers, was eyeing a turnover of Rs 12,765 crore during the current fiscal, and Rs 16,000 crore by 2011-12.
He said that BHEL's Trichy complex was currently undergoing a capital expenditure of Rs 750 crore.
Krishnan said that the third boiler unit would be ready by March 2012, adding that annual capacity would rise to 15,000 MW at Trichy from 10,000 MW at present.
Overall, BHEL's total annual capacity would rise to 20,000 MW by 2012, the balance 5000 MW of which would come from solar, hydel, and nuclear. Besides this, BHEL was also coming up with a new piping plant at Thirumiyam near Trichy and upgrading its steel tube manufacturing plant.
Krishnan said that BHEL was also outsourcing some components to reduce costs and importing non-critical items from China
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