STOCK MARKET BSE NSE

BEL Plans Rs 1,500-cr Plant in A'pur

Published: 14th August 2014 06:00 AM  |   Last Updated: 14th August 2014 08:38 AM   |  A+A-

HYDERABAD: Bharat Electronics Limited, a state-owned electronics giant which primarily manufactures advanced electronic products for the armed forces, has come forward to set up a plant with an investment of Rs 1,500 crore at Penukonda in Anantapur district of Andhra Pradesh.

A delegation of representatives of BEL, headed by company’s human resource wing convener ML Shanmugam and general manager (engineering services) G Arunachalam met  AP chief minister N Chandrababu Naidu at Lake View Guest House here on Wednesday.

According to sources, the BEL officials told Naidu that the company was interested in setting up a plant at Penukonda as the place is closer to BEL’s corporate head office in Bangalore. They sought 1,000 acres of land at Penukonda for the unit which they said would provide employment to 500 local people. Besides, the plant would spur growth of ancillary industries in automobile and transport sectors.

According to sources, the BEL officials also sought land for expansion of the company’s existing unit at Machilipatnam in krishna district. Naidu told them that he would get back to them after discussing their proposals with the state’s chief commissioner of land administration.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp