BHEL bags EEPC's Top Export Award for the 18th consecutive year

For outstanding export performance, Bharat Heavy Electricals Limited (BHEL) has won the Engineering Export Promotion Council (EEPC)'s Top Export Award for the eighteenth year in succession.

Conferred on BHEL in the category 'Star Performer in 2006-07: Project Exports Large Enterprise', the award was presented by the Hon'ble Union Minister for External Affairs, Mr. Pranab Mukherjee.

Riding high on its dominant domestic position, BHEL is taking long strides to become a major global player by enhancing its presence in international markets. It has identified overseas business as a major thrust area as part of its 'Strategic Plan 2012'. The company is targeting a six-fold increase in its physical exports by 2012.

BHEL's globalisation strategy is already yielding rich dividends and the company won export orders from 26 countries in fiscal 2007-08. In fact, with a physical export order inflow of Rs. 23,110 Million, the year marked significant steps towards globalisation with successful forays in new markets and new product areas, apart from firmly establishing the companys presence in existing markets and areas.

This included a string of successes in project exports with an entry into a new market - New Caledonia, an island in the South-West Pacific Ocean, with an order for 2x135 MW environment friendly CFBC Boilers. This was also the first ever overseas order for CFBC Boilers for utility application. Other major orders included the first ever order for Power Generating equipment from UAE; the second consecutive order for a Gas Turbine-based power plant from Libya and the first ever order for Steam Turbine and Generators from Ethiopia for cogeneration application.

The trend is continuing in the current year also and BHEL has already achieved major successes with a series of orders for power projects from Syria, UAE, Vietnam and Rwanda.

BHEL has established its footprints in all the six continents of the world spanning 70 countries and its technical competence has earned worldwide acclaim. Further stimulation in the growth of BHEL's international business will be achieved through consolidation in existing markets, widening the export base through expansion of its existing basket of products and services, and by entering new markets, with EPC business being the key driver of its exponential growth plans.