BHEL puts up a brave face, says it is not desperate for orders

BHEL, which lost the best bidder status in a prestigious tender of NTPC, says it does not need orders at un-remunerative prices.

“We are not that desperate,” a senior official of BHEL told Business Line, soon after the news broke out, on Thursday, that BGR Energy had emerged the lowest bidder for the supply of turbine-generator sets for NTPC.

Coming on the heels of the South Korean Doosan turning out to be the lowest bidder for the supply of boilers for the same projects of NTPC, the question is “what has happened to BHEL?”

For sure, regardless of its ranking among the bidders, BHEL will get orders for four boilers and two turbine-generators, for the nine supercritical thermal plants of NTPC, of 800 MW each, spread over four locations. With orders on hand worth Rs 1.6 lakh crore, BHEL is indeed not desperate for work, unlike its competitors.


ref:
http://www.thehindubusinessline.com/companies/article2465215.ece