Keen to expand its overseas operations, especially in African market, state-owned power equipment maker Bhel is targetting to increase its revenue from exports to Rs 4,500 crore this fiscal and may pick up stake in ventures abroad.
"About 8-10 per cent of the company's turnover is contributed by exports. Last year (2010-11), we have done about Rs 4,000 crore from the export markets, this year also we are expecting to do a similar thing," Bhel Chairman and Managing Director B P Rao told PTI.
The company is, however, working on a stragetic plan and will announce new targets for export revenues in next 5-6 months, he said, adding, the company is growing manifold in the international markets and is focussed especially on Africa.
"Exports are important... focus has been Africa, South-East Asia, Gulf countries. Africa is definitely a very big focus area for us, we are doing jobs in Sudan and Libya," Rao added.
more at:
http://economictimes.indiatimes.com/news/news-by-industry/energy/power/bhel-scouts-foreign-cos-for-acquisition/articleshow/9000956.cms
Sunday, June 26, 2011
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