BHEL bets on new business models, overseas opportunities

Faced with reduced order book and stiff competition, power equipment maker BHEL is exploring new business models apart from scouting for overseas opportunities in Russia, Kazakhstan and other countries. State-owned BHEL, which saw its net profit nearly half to Rs 3,461 crore in the last fiscal, is also keen to tap opportunities in the nuclear power segment and possible entry into core-nuclear area. In its 2013-14 annual report, Bharat Heavy Electricals Ltd (BHEL) said the company has taken various strategic initiatives to sustain and grow in present adverse market conditions. BHEL is exploring new business models with partnerships for power plant developers for upcoming UMPPs and debt financing for new projects in partnership with financial institutions are also underway. "Further, to harness emerging opportunities in nuclear power, the company is working towards increasing its offering in nuclear plant with focus on indigenisation and entry into core-nuclear area," the report said. more at: http://www.business-standard.com/article/pti-stories/bhel-bets-on-new-business-models-overseas-opportunities-114083100180_1.html