BHEL bags EEPC's Top Export Award for the 19th 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 nineteenth year in succession.

Conferred on BHEL in the category ‘Star Performer in 2007-08: Product Group of Motors, Generators and Transformers - Large Enterprise’, the award was presented by the Hon’ble Union Minister for Commerce and Industry, Mr. Anand Sharma.

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’.

BHEL’s globalisation strategy is already yielding rich dividends and the company has won export orders from 22 countries in 5 continents in fiscal 2008-09. In fact, bucking the global recessionary trend, BHEL achieved a physical export order inflow of Rs.32,650 Million during the year - an increase of 41% over the previous fiscal. The year marked significant steps towards globalisation with successful forays in new markets and new product areas, apart from firmly establishing the company’s presence in existing markets and areas.

This included a string of successes with entries into new markets - Senegal, Rwanda and new market segments in Syria, Tajikistan, Japan and Nigeria. Other highlights of the year included a one of its kind in the world, long-term business tie-up by way of a six-year Rate Contract for 126 MW rated Gas Turbine Generating sets from Oman and a MoU with TGR, Hungary for exploring opportunities for conventional boilers and R&M of boilers in European and CIS countries.

Total export turnover (Physical & Deemed) was also at an all-time high of Rs.84,060 Million during the year, accounting for over 31% of the company’s turnover during the year. BHEL supplied 850 MW of power generating equipment during the year, to customers in several countries including Bangladesh, Iraq, Libya, UAE, Sudan, Indonesia, etc. In addition, three 230 kV substations were commissioned in Bangladesh and Ethiopia, while 27 Transformers totalling to nearly 2,885 MVA were commissioned in Egypt, Bangladesh, Afghanistan and Ethiopia.

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. Growth will also be driven by initiatives for manufacturing and service presence in select countries.