BHEL once again beats Chinese; Wins contract for ADB-funded Project in Bangladesh.

Bharat Heavy Electricals Limited (BHEL) has achieved yet another breakthrough in the international market by securing a prestigious contract for setting up 230 kV substations on EPC basis in Bangladesh.

Outbidding Chinese, Malaysian and Indian Companies, BHEL has won a contract for supply and installation of a 230 kV substation at Baghabari Power Plant and extension of a 230 kV substation at Ishurdi.

Valued at Rs.550 Million, the Asian Development Bank (ADB) funded contract has been placed on BHEL by Power Grid Company of Bangladesh. This is the first order for BHEL for substations in Bangladesh.

BHEL’s scope of work in the project includes design, supply, erection, civil construction and commissioning of a 230 kV substation at Baghabari and expansion of Ishurdi substation.

Earlier, BHEL has successfully executed several contracts in Bangladesh including the turnkey execution of a 100 MW Gas Turbine based power plant at Baghabari. The power plant is operating successfully since commissioning.

BHEL is also targeting more such projects in this region, as it perceives Bangladesh as a potential market.

BHEL has identified overseas business as a major thrust area. The company has achieved significant successes during the fiscal 2005-06 and is poised to achieve a quantum growth in its export business by consolidation in the existing markets and widening its export base through expansion of existing basket of products and services and entering new markets. During the last financial year (2005-06), BHEL booked highest-ever physical export orders of Rs.33,480 Millions - a six fold increase over the previous year. For the first time, export orders contributed 18% to the company’s total order booking during 2005-06.