BHEL expands global footprint with inclusion of Chile and Estonia

Bharat Heavy Electricals will be under observation during Wednesday’s trading sessions as the company has forayed into two countries. On Tuesday, after market hours, the company informed that it has achieved another milestone in expanding and consolidating its footprint in the international market by securing export orders from Chile and Estonia.
 
With maiden orders for transformer bushing from Niquel Electric Ltd., Chile, and electronic cards from SCANFIL OY Vana Sauga, Estonia, BHEL has now expanded its global footprint to 82 countries cross all the six inhabited continents. The company is continuously aligning its export strategy in line with the global dynamics. It has secured the highest ever export orders of over Rs 10,000 crore from 23 countries in FY17. 
 
The company is favourably placed for opportunities in Africa, including a combined cycle power plant in Tanzania and a hydro power plant in Zimbabwe. These projects are nearing financial closure and BHEL expects to secure these orders soon. The company is also focusing on providing after sales support to its customers in existing overseas’ projects.