NEW DELHI. Bharat Heavy Electricals Limited (BHEL) is set to invest approximately ₹3,064 crore over four years into a joint venture with Coal India Limited, named Bharat Coal Gasification and Chemicals Limited (BCGCL). This partnership aims to establish a coal-to-ammonium nitrate plant with a daily capacity of 2,000 tonnes, aligning with national goals to reduce chemical imports through coal gasification. Additionally, BHEL has approved a second joint venture with Titagarh Rail Systems Limited to provide comprehensive maintenance for Vande Bharat Sleeper trains, significantly expanding its presence in the railway services sector.
BHEL to Invest ₹3,064 Crore in Coal and Rail Joint Ventures
