Greentech Lead India: Bharat Heavy Electricals (BHEL) is
entering into production of wind energy generation equipment. By entering into
this segment the state-run company seeks new revenue streams.
“We would like to get into this segment for topline growth. We have
already floated an expression of interest and some parties have also shown
interest. We are still deciding on the suitable business model. We might tie up
with or acquire a party in the renewable energy area,” said T N
Veeraraghavan, executive director of BHEL, Ranipet.
The BHEL unit, which clocked revenues of Rs 4,210 crore
and profit before tax of Rs 1,260 crore in 2011-12, is looking to enlarge
business in water treatment and pollution abatement segments like Flue Gas
Desulphurization (FGD). It is looking to garner revenues of Rs 5,000 crore in
2012-13.
The company is also looking to enlarge business in water treatment and
pollution abatement segments like Flue Gas Desulphurization (FGD).
Last year, the company developed a large-size air
pre-heaters (APH) for 660 MW super critical thermal sets.
BHEL plans green products
BHEL is planning to launch a new range of products that
is not only in harmony with the policy intent to keep the carbon intensity of
India’s growth regulated, but also designed to counter competition.
The new series includes equipment sets of 600 MW that
could match up to Chinese sets of 660 mw, without any additional cost to
buyers. The move is significant as BHEL, which enjoys a near-monopoly in the high-emitting
subcritical power stations, was seen approaching a huge loss of business,
thanks to the new policy bias for supercritical technology. BHEL is hopeful
that its new 600 MW series would enable it to overcome environmental hurdles.