New Delhi, Oct 15 (KNN) Bharat Electronics (BEL) is planning to enter  into the semiconductor manufacturing business in partnership with other companies, said Dinesh Kumar Batra, chairman and managing director, Bharat Electronics.

BEL is planning to setup the Fab (semiconductor chip factory) along with Hindustan Aeronautical (HAL).

Speaking at the inaugural ceremony of battery automated assembly plant at the BEL unit in Pune, Batra said “At the moment we are looking at very big investment plans. These are under scrutiny and approvals of our ministry.”

As per reports,the fab project would likely be worth Rs 25,000-30,000 crore. 

“BEL would be chipping in with around Rs 3,000 crore, but these are premature estimates” he added.

The remaining comes from partners and the rest from the central and state government subsidy/incentives, he indicated.

The company is also planning to get involved into indigenously manufacturing of lithium ion cells, battery management systems, and end-to-end solar cell and panel manufacturing.

BEL would be making Li-Ion LFP (Lithium Iron Phosphate – LiFePO4) chemistry with long cycle life for EV applications.  (KNN Bureau)