INTERVIEW - BHEL eyes $2.5 bln orders in 4-6 wks

Bharat Heavy Electricals Ltd, India's largest power equipment maker, expects to close orders worth about $2.5 billion in the next 4-6 weeks as firms

step up investment in the power sector, its chairman said.

"We have already negotiated prices, we are only waiting for their financial closure," K. Ravikumar told Reuters in a telephone interview.

The state-run company, which the market values at nearly $22 billion, is counting on private power firms to boost its order book as delays in bids and rising competition slow orders from the government, he said.

BHEL has orders on hand worth 1.3 trillion rupees ($26.6 billion). This includes 150 billion rupees signed this year, with the private sector contributing 90 percent.


more at:
http://in.reuters.com/article/businessNews/idINIndia-42213920090904