BHEL invites Global OEMs for Make in India initiative

On Monday, Bharat Heavy Electricals Limited (BHEL) stated that it had floated an expression of interest, inviting companies from around the world to partner with the public sector power equipment major as well as to set up their manufacturing facilities in the country, in-line with Prime Minister Narendra Modi’s Make in India initiative.  

This development comes on the back of the economic disruption due to the ongoing pandemic, which has highlighted the dangers of manufacturing activities being concentrated in a single location and also, indicates the need for diversification of supply chains and manufacturing.

BHEL has 16 state-of-the-art manufacturing facilities, spread across the country with a substantial land bank as well as extensive built-up industrial/commercial and residential spaces. Its manpower strength of about 34,000 includes 9,000 engineers with qualifications and experience in cutting-edge technologies. It has 16 centres of excellence (CoEs) in varied regions, along with the ongoing technology partnerships with some of the major global manufacturing and engineering companies as well as relationships with leading national laboratories and institutions. These facilities and capabilities along with its tie-ups put BHEL in a strong position to support an international company and also, in setting up a base for the country.

On Monday, the stock of the company closed at Rs 23.50, up by 4.91 per cent or Rs 1.10 per share. The 52-week high is Rs 75.50 and the 52-week low is Rs 19.20 on BSE.