Bharat Heavy Electricals has revealed that the company, in the coming three fiscals, will enhance its manufacturing capacity to 20,000 MW from the current 10,000 MW.

According to the sources, the company expects to reach the 15,000 MW manufacturing capacity mark by this year-end.

While commenting on the plan,  Mr. K Ravi Kumar, CMD, BHEL said, “Attention is also being given to rebuild and retrofit existing facilities to enhance their life, accuracy and productivity through additional investment.”

The sources also disclosed that the company has inked MoU with Tamil Nadu Electricity Board for forming a joint venture to build a 2x800 MW supercritical thermal power project.

Its also learnt that the company has entered into another MoU with NTPC to form a joint venture for jointly executing EPC projects and power equipment manufacturing.

The company's turnover reached Rs 21,401 crore, posting a growth of 14.2 percent and net profit soared 19 percent over the previous year's to Rs 2,859 crore.