Bharat Heavy Electricals (Bhel) hopes to maintain sustainable growth in its non-core business segments, particularly transportation and transmission. The company expects strong emerging opportunities in these two sectors.
Power, however, remains higher growth sector for the company. "Growth will definitely be big from the power sector in view of the proposed bulk tenders and supercritical orders in the immediate term. Nuclear is going to happen and so power sector is going to provide the biggest opportunities,” B P Rao, chairman and managing director of Bhel said.
“In transportation segment, we see very good growth opportunities. The Indian Railways is going in for a special purpose vehicle and public private partnership (PPP) mode for setting up new factories in Bihar and West Bengal. Bhel is very much participating in some of the tenders, which are already on. We will be participating in future tenders as well. The conventional locomotives that we produce at Jhansi with the electricals from Bhopal is also seeing a growth,” he said.
Last year, Bhel received 150 locomotive orders in addition to earlier order book of 50. The company expects the railways to increase their sourcing from them by up to about 100 locomotives per year. “We are also expanding our capacities in Jhansi,” Rao said.
In power transmission segment, the company signed an agreement with Japan’s Toshiba in February to focus on transmission and distribution business under a new JV.
ref :
http://www.mydigitalfc.com/companies/bhel-expects-increased-order-flow-railways-085
Wednesday, June 16, 2010
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