BHEL bags Rs. 650 cr. orders

NEW DELHI, DEC. 3. The State-owned Bharat Heavy Electricals (BHEL) has said it has bagged orders worth about Rs. 650 crores till November this fiscal as against previous year's order booking of Rs. 703 crores.

While 1999-2000 export booking was a seven fold increase, current export orders include orders for 124 MW ISO rated gas turbine based power plant equipment for an overseas independent power project (IPP) in Sri Lanka, a company statement said here.

The second consecutive order from Iraq for two units of 159 MW ISO rating gas turbine power plant equipment and a turnkey contract for the largest ever overseas substation of 330 kV from Zambia also figure in current year's order book.

Spurred by spectacular successes achieved on the export front, BHEL has drawn up a multi-pronged action plan to ensure sustained growth in the overseas markets. BHEL's strategic plan for further stimulating export growth was expected to provide impetus to its ambitious goal of enhancing export turnover by three-folds of the existing levels by 2006-07.

While consolidating its presence in the existing markets, the company was making efforts to grab project export opportunities in new markets and was proactively taking this up with the government and the Exim Bank for support, the release said. Target markets for BHEL include West Asia, Europe and north Africa. The company has already opened regional offices in traditional markets like Malaysia and Dubai, while offices in other potential markets were scheduled to open shortly.

In the product export segment, BHEL was focusing on certain target products which meet exacting international quality standards and could be used as vehicles for entering new markets.

BHEL has made an entry in the central Asian region by bagging the first ever export order from Azerbaijan, close on the heels of its forays into the Syrian, Kuwaiti and Taiwanese markets. It had bagged an order for a 78.2 MvA hydro generator package for the EBRD-funded Mingechaur hydro electric project (Azerbaijan), the release said. The company was also positioning itself to becoming a regular source of components and products for global original equipment manufacturers (OEMs), engineering, procurement and construction (EPC) contracts and other multinational companies, not only for intermediate and semi-finished products, but also for complimentary equipment for their projects.

- PTI

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