BHEL eyes retrofit biz to beat order squeeze

As per heavy industries ministry estimates, about Rs 20,000 crore worth of projects are waiting to be tapped in the retrofit market. This would involve bringing old and inefficient power plants into prime running condition by repair and replacement of old equipment. It is worth noting that most of 16000 MW of capacity in the 200/210 mw capacity needing renovation has been supplied by BHEL and presents a ready market for the company. ref: http://www.mydigitalfc.com/knowledge/bhel-eyes-retrofit-biz-beat-order-squeeze-556