Amidst the debate on creating another state-owned power equipment manufacturing company,Bharat Heavy Electricals Ltd on Friday dubbed the idea as "ironic" and said a company of its size would require an investment of at least Rs 20,000 crore.
"Do we need another such company when BHEL has operated below its capacity all through the 40 years of its existence due to the lack of demand in the country," BHEL chairman and managing director AK Puri said when asked about power ministry's indication to set up a BHEL clone for adding massive generation capacity.
Both power minister Sushilkumar Shinde and Secretary RV Shahi have said in the past that BHEL, the country's largest power equipment manufacturer with more than Rs 40,000 crore of orders in hand at present, was "overburdened" and there was a need to establish another state-owned supplier.
Why state-owned supplier?
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