Aug 9: Public sector major Bharat Heavy Electricals Ltd (BHEL) has expanded and consolidated its global footprint in Chile and Estonia by securing export orders to these two nations.
By securing maiden orders for transformer bushing from Niquel Electric Ltda., Chile, and electronic cards from Scanfil OY Vana Sauga, Estonia, BHEL has now expanded its global footprint to 82 countries, said reports. The company has been aligning its export strategy in line with global dynamics. It also secured the highest ever export orders of over Rs 10,000 crore from 23 countries during fiscal 2017, they added.
The company has also bagged its largest ever export order for setting up the 1,320 MW (2×660 MW) Maitree Super Thermal Power Project in Bangladesh, winning against stiff international competitive bidding. This is thus BHEL’s largest power project order in the international market.
Recently, BHEL also forayed into two other countries in Africa – Togo and Benin. BHEL is making concerted efforts to tap available opportunities in the overseas market, reports pointed out.
Currently, the company is aiming at expanding its global presence through market expansion and market penetration. The company is favorably placed when it comes to opportunities in Africa, including 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.
As an integrated power plant equipment manufacturer with over 50 years of experience and having installed over 170 GW globally, BHEL is currently engaged in the execution of all types of power equipment; Thermal, Gas, Nuclear, Hydro and Solar, in addition to supplying products and systems to other major infrastructure sectors such as transmission, transportation, oil & gas, defence & aerospace, and water, the reports added.