BHEL bags Rs 550-cr export order

Written by Agencies | New Delhi, March 31: | Updated: Mar 31 2008, 19:27pm hrs
Power equipment maker Bharat Heavy Electricals on Monday said it has secured a Rs 550-crore export order for supply of boilers.

The order has been received from Koniambo Nickel SAS, an overseas joint venture of Switzerland-based mining group Xstrata PLC and a local company in New Caledonian, BHEL said in a statement.

New Caledonian, an island in the south-west Pacific Ocean, east of Australia, is an overseas territory of France.

The contract envisages supply of 2x135 MW environment-friendly Circulating Fluidised Bed Combustion Boilers and auxiliaries, it said.

The equipment to be supplied against the order would be fully compliant with global standards, the statement said.

BHEL, which is targeting a six-fold increase in its physical exports by 2012, supplies equipment to power projects in Indonesia, the UAE, Libya, Kuwait Myanmar New Zealand and Greece among others.