BHEL sees Rs 10000cr revenue from overseas orders by 2017

State-run power equipment maker BHEL expects a revenue of Rs 10,000 crore from foreign contracts by 2017 even as domestic orders from private companies have taken a hit due to financing constraints. "We are expecting a revenue of Rs 1 lakh crore for the company by 2017 of which 10 per cent would come from exports... i.e Rs 10,000 crore," BHEL Chairman and Managing Director BP Rao told reporters on the sidelines of India Energy Forum here. "Overseas market has always been a focus of BHEL, irrespective of what is happening in India," Rao said, adding that some overseas markets like Syria and Yemen have political disturbances today. He said that Africa is a focussed market for BHEL and the PSU is looking at a number of projects there. The company is already executing some projects in the African continent and also looking at South-east Asia and Gulf countries. On the issue of diminishing orderbook, Rao said, "I am not seeing any tenders from private sector. Whatever orders are coming are from central or state public sector companies. This year, there is hardly any bulk deal coming." Rao said that during 2008-2010, tenders for more than 30,000-40,000 MW were floated every year. However, last year saw only orders for just 4,000 MW. more at: http://www.moneycontrol.com/news/business/bhel-sees-rs-10000cr-revenueoverseas-orders-by-2017_779013.html