Bhel eyes biz opportunities in Mozambique and Laos
Geographical diversification is a strategic focus area for Bharat Heavy Electricals Ltd (Bhel), which already has presence in about 76 countries.
The state-owned power equipment maker, which is facing headwinds in the domestic market, is now seeking business opportunities in Mozambique and Laos. In this regard, the company has recently sought Expressions of Interest (EOIs) from entities who can be enlisted as agents in the two countries. These agents would have the responsibility of promoting and developing business for it in the respective power sectors of the two nations, according to EOIs issued by the company.
In overseas market, the cumulative capacity of power plants, utilising Bhel equipment, is more than 10,000 MW.
The company has about eight overseas offices. Major foreign locations from where Bhel undertakes business activities include Jakarta (Indonesia), Almaty (Republic of Kazakhstan), Dubai (UAE) and Shanghai (China). "Detailed action plan is in place to achieve quantum jump in overseas business with identification of the target markets for fuelling business growth," the company had said in its 2013-14 annual report.
Bhel offers more than 180 products as well as systems and services in diverse areas including power, transmission, industry, transportation, oil and gas, and telecommunication.