BHEL secures orders from Chile and Estonia

With maiden orders for transformer bushing from Chile and electronic cards from Estonia, BHEL has now expanded its global footprint to 82 countries

GN Bureau | August 21, 2017


#PSU   #BHEL   #Chile   #Estonia   #Africa   #overseas orders  

 Bharat Heavy Electricals Limited (BHEL) has added another feather to its cap by securing export orders from Chile and Estonia. This has helped BHEL to expand and consolidate its footprint in the international market.

With maiden orders for transformer bushing from Niquel Electric Ltd, Chile and electronic cards from SCANFIL OY Vana Sauga, Estonia, the Maharatna enterprise has now expanded its global footprint to 82 countries.
 
“Persistent efforts towards globalisation have led to BHEL securing the highest-ever export orders of over Rs 10,000 crore from 23 countries in 2016-17 fiscal. The company secured its largest-ever export order for setting up the 1,320 MW (2x660 MW) Maitree super thermal power project in Bangladesh. Recently, BHEL also forayed into two other countries in Africa— Togo and Benin,” a press release said.
 
BHEL is making concerted efforts to tap available opportunities in the overseas market. Currently, it is focusing on expanding its global presence through market expansion and market penetration.
 
The company is favourably placed in Africa, where it is looking at executing a combined cycle power plant in Tanzania and a hydro power plant in Zimbabwe. These projects are nearing financial closure and BHEL expects to secure these orders soon. The company is also focusing on providing after sales support to its customers in existing overseas projects.
 

Comments

 

Other News

India set to bolster ties with Brazil during Bolsonaro`s visit

As India gears up to celebrate its 71st Republic Day on January 26, it will host Brazilian president Jair Bolsonaro as the chief guest of the event that marks the day when the country formally adopted the Constitution as the guiding document. This will be Bolsonaro’s maiden visit, which he would like

India gears up to meet Coronavirus challenge

With the outbreak of Coronavirus reported from China, India has started taking precautionary measures, and begun screening passengers of selected flights. “As of 21st January, a total of 43 flights and 9156 passengers have been screened for novel Coronavirus illness. Till now, no case

Reit: Real estate for retail

Every middle-class Indian dreams of a home coupled withlanded property to live off the rent. However, large initial investment, particularly inmetros, and low yields ensure that real estate is out of the reach of the common man. A return of 7-8 percent from commercial properties is considered highly commen

Maharashtra poll panel rolls out Electors Verification Programme

The Maharashtra State Election Commission has urged the residents to take advantage of the ongoing Electors Verification Programme (EVP) and register their names along with those of the members of their families in the electoral rolls. The drive, which started on November 11, 2019, will continue till Febru

Budget goes to print with Halwa ceremony

The budget season is here, and the annual document has gone to print, beginning the lock-in period till its presentation in parliament on February 1. The Halwa ceremony, marking the commencement of the budget printing process, was held in North Block Monday morning in the presence of finance

‘Desh Apnayen’ is a movement to partner with your country: Vallabh Bhansali

Investment banker, venture capitalist and stock-market expert Vallabh Bhansali is the co-founder and chairman of Enam Group, a pioneering equity research company in the country. He is a promoter of spiritual and cultural traditions and also an expert on development economics, behavioural science and co



Archives

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter