BHEL actively seeks buyout opportunities in US, Europe

Looking to bolster its overseas foot prints, state-run Bharat Heavy Electricals is actively scouting for acquisition opportunities in Europe and the US. At present, the company is executing as many as 24 contracts spread across 19 countries, including Afghanistan, Ethiopia, Indonesia, Sudan, Syria and Vietnam. BHEL has said it is "actively pursuing acquisition opportunities in Europe and the USA" in the areas of core technologies in energy sector, including renewables, transportation and transmission. The efforts are aimed at gaining access to technology, global markets as well as securing global supply sources, BHEL said in its 2011-12 annual report. more at: http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/engineering/bhel-actively-seeks-buyout-opportunities-in-us-europe/articleshow/15586716.cms