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Power equipment supplier Bharat Heavy Electricals Ltd (BHEL) said it has received an order from Azerbaijan for supply of transformers.
"BHEL as achieved another breakthrough in the Commonwealth of Independent States (CIS) region by securing an export order for transformers from Azerbaijan. The World Bank-funded contract has been placed by Azerenerji," the company said in a statement.
The company's scope in the contract involves supply and supervision of commissioning of 330 kV class, 240 MVA and 110 kV class, 75 MVA and 63 MVA rating transformers to be installed in Azerenerjis power transmission project, the statement added.
BHEL has supplied transformers to over 20 countries, including Greece, Egypt, Libya, Oman, Malaysia, Saudi Arabia and Zambia. It has also executed contracts in Azerbaijan for Mingechaur Hydro Power Plant and Baku Steel Company.
The CIS region has been identified by BHEL as one of the potential regions for enhancing overseas business. The company is targeting a six-fold increase in its physical exports from the current levels by 2012, the statement said.
BHEL is presently executing contracts in Russia, Kazakhstan and Tajikistan. During the year it secured contracts in Indonesia, UAE, Libya, Kuwait Myanmar and Australia.
Shares of the company were trading at Rs 2,534.20 each, up 0.89 per cent on the Bombay Stock Exchange at 1243 hours.
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