Bhel looking at counter-trade deals to secure overseas orders

To secure more orders overseas, Bharat Heavy Electricals Ltd (Bhel) is looking for counter-trade opportunities with other state-owned firms.

India’s largest power generation equipment manufacturer’s latest such deal in the works is a joint effort with state-owned mineral trading company MMTC Ltd to import palm oil worth $1 billion (Rs4,510 crore) from Malaysia, the second largest palm oil producing nation, in return for setting up a hydropower project in that nation.


more at:
http://www.livemint.com/2010/05/11224356/Bhel-looking-at-countertrade.html