Bhel beats Chinese rivals to bag project in B'desh

BHel has beaten Chinese rivals to bag a contract for building $1.6-billion coal-fired power plant in Bangladesh, giving the Narendra Modi government's `Make in India' initiative a shot in the arm and writing down a reference for similar projects worldwide. Bhel has also beaten Indi a's L&T to emerge as the lowest bidder for the plant to be built at Khulna, some 450 km south-west of capital Dhaka.The contract would be the biggest overseas power project for Bhel, which does not have a major footprint abroad. More importantly , the Bangladesh contract would help lay down a new reference for Bhel and qualify it to compete for projects worldwide. ref: http://timesofindia.indiatimes.com/business/india-business/Bhel-beats-Chinese-rivals-to-bag-project-in-Bdesh/articleshow/51099753.cms