HindustanTimes Thu,10 Jul 2014

Private sector tenders not coming: BHEL

HT Correspondent, Hindustan Times  New Delhi, November 07, 2012
First Published: 21:57 IST(7/11/2012) | Last Updated: 21:59 IST(7/11/2012)

India’s biggest power equipment manufacturer BHEL said on Wednesday that new orders especially from the private developers are drying up due to financing problems.


However, BHEL is betting big on revenues flowing from exports and its chairman, BP Rao told reporters that the company expects a revenue of Rs. 10,000 crore from foreign contracts by 2017.

“We are expecting a revenue of Rs. 1 lakh crore for the company by 2017 of which 10% would come from exports ... i.e Rs. 10,000 crore,” Rao said.

Rao said he is not hopeful of “any big tenders coming from the private sector.”

“Whatever orders are coming are from the central or state public sector companies,” Rao said. “This year, there are hardly any bulk deals coming.”

Rao said that overseas market has always been a focus of BHEL, irrespective of what is happening in India.

Some overseas markets like Syria and Yemen have political disturbances today, he added.

Stating that Africa is a focussed market for BHEL and the PSU is looking at a number of projects there.

“The company is already executing some projects in the African continent and is also looking at South-east Asia and Gulf countries for fresh orders,” Rao said.

more from Business

Good news for salaried class: Jaitley's budget will help you save more

Finance minister Arun Jaitley raised the exemption limit in personal income tax from Rs 2 lakh to Rs 2.5 lakh. He also raised the tax exemption limit for investments to Rs 1.5 lakh from the current Rs 1 lakh under Section 80C of the Income Tax Act. FM Arun Jaitley promises higher growth | Full text of speech | Poll: Rate the budget on a scale of 0 to 5
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved