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Home -> Finance -> Full Story
BE to set up plant for making solar system modules
Thursday, September 19 2002 14:43 Hrs (IST)

Bangalore: The public sector Bharat Electronics (BE) would set up a plant for making finished modules in the solar systems segment, its chairman and managing director V K Koshy said on September 19.

Koshy told in Bangalore after attending a seminar, BE is already engaged in solar photovoltaic activity in a big way, making different solar products.

"Now, we want to enter into systems. Many systems are based on solar such as traffic light, lantern, home lighting and mini power plant," he said.

The plant, envisaging an investment of Rs 8 crore, would be set up at Bangalore, where the company is headquartered.

As part of increased focus on software, BE has put in place a 60-member team of top software specialists, who would take up work for the company's different product groups in software, especially embedded ones.

Earlier the company had a software development team for each product group but now the specialists have been brought together and made into a focussed team, the strength of which would be ramped up to 100 by 2003, Koshy said.

He said BE has targeted a turnover of Rs 2,050 crore during the current financial year, up from Rs 1,942 crore last fiscal, but expressed hope that "we will do much better than that".

PTI



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