State-run BHEL plans to invest up to Rs 2,000 crore for setting up solar equipment manufacturing facility having a capacity of 600 MW.

BHEL, grappling with persisting headwinds in the power sector, is betting on business diversification spread across various areas including solar energy and defence sectors. "Initial investment could be around Rs 500-600 crore and then when we (can) expand it. (Overall investment) can go up to Rs 2,000 crore for a 600 MW capacity," BHEL Chairman and Managing Director B P Rao said.