The country’s largest power generation equipment manufacturer Bharat Heavy Electricals (BHEL) has been in focus on their plans to pushing government’s ‘Make In India’ initiative. The company has plans to seek global partners who wish to manufacture in India and could emerge as an engineering R&D services provider, a contract manufacturer, or a lessor of urban-area industrial land.
ET NOW interacted with Dr. Nalin Shinghal, CMD, BHEL who said, “Atnamirbhar Bharat provides an opportunity to go back to roots. We have seen a considerable response to EoIs (Expression of Interest) by global companies. The era of a lot of Chinese power plants has declined now.”
The stock price of BHEL has rallied 100 per cent from the March lows and got a major boost from a tweet put out recently by Vedanta Resources executive chairman Anil Agarwal. Mr. Agarwal said that BHEL can produce the best power plants in the world if it is provided with full autonomy in order to cut dependency on China and move forward towards Atmanirbhar Bharat.