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Optimistic of KEL joint venture

KOCHI: Bharat Heavy Electricals Ltd. (BHEL) is optimistic about its joint venture with Kerala Electricals Ltd. (KEL) at Kasaragod, BHEL Executive Director A.V. Krishnan has said. The joint venture will work in tandem with BHEL, Bhopal and Jhansi units, Mr. Krishnan told journalists on a visit to BHEL's Tiruchirapalli facility recently.

BHEL had focused its efforts on meeting the specific power equipment needs of the country. Coal will continue to be the major source of power and BHEL had been giving due importance to the design and supply of boilers to meet the changing demand for steam generators, he said. The unit had, so far, bagged orders for 930 boilers, of which 698 had already been commissioned, he said. Production through outsourcing from over five hundred vendors crossed a record four lakh tons of boiler structure, 25 per cent more than last year, an official release said.

A target of seven lakh tons had been set for 2010-11. BHEL. The company had been facing stiff competition from Chinese firms that were offering equipment at prices lower by twenty per cent. In line with the ruling market trends, the company had set up offices overseas and taken up initiatives in the European markets. The company is exploring the possibility of foraying into solar thermal plants.

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