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Proposal to set up BHEL – BEL unit at Hyderabad Fab City

According to a news report published in the Times of India, two Navaratna PSUs Bharat Heavy Electricals Limited (BHEL) and Bharat Electronics Limited (BEL) have formed a joint venture to manufacture solar wafers, cells and modules to meet domestic as well as export demands. The unit is likely to come up on 70 acres at Fab City, which never really took off. The project envisages setting up of a manufacturing facility with a capital investment of Rs 2,000 crore and will provide direct employment to 1,000 people. A high-level team of officials recently visited the city to identify possible location for the plant. 

It is our hope that this project materializes at the Fab City and provide benefits to the Hyderabad city residents in a multitude of ways like employment creation and real estate growth.

Click to read the complete article on Times of India.

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