'Make BHEL nodal agency for govt's overseas power projects'

Amid state-run BHEL grappling with tough business environment, Heavy Industries Ministry will pitch for making the powergear maker the nodal agency for executing all overseas power projects that are financed by the Indian government. Besides, the parent Ministry would make efforts for according preference to Bharat Heavy Electricals Ltd (BHEL) in providing spares and services for government-funded foreign power projects. BHEL, the country's leading power equipment maker, is going through tough times, primarily due to sluggishness in the sector and cheaper overseas imports hurting its prospects. The Ministry of Heavy Industries and Public Enterprises has assured BHEL of various possible assistance from the government side. more at: http://www.business-standard.com/article/companies/make-bhel-nodal-agency-for-govt-funded-overseas-power-projs-113081100200_1.html