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.