Track change: BHEL moves to rail transport biz.

With new projects in the power sector almost drying up and competition from foreign suppliers rising, state-run power equipment marker Bharat Heavy Electricals Ltd. (BHEL) is looking to diversify operations into areas such as railway transport, metro train and renewable energy.

In his first interview after the Government extended his tenure by two years, BHEL Chairman B Prasada Rao says renovation and modernisation of plants which are 25 years old is expected to contribute at least 20 per cent of the company's business.

HBL