BHEL’s globalisation thrust gets recognition; EEPC's Top Export Award conferred on BHEL for the 17th consecutive year

Bharat Heavy Electricals Limited (BHEL) has been conferred the Engineering Export Promotion Council (EEPC)’s Top Export Award for the seventeenth year in succession, for outstanding export performance.

Awarded to BHEL in the category ‘Star Performer in 2005-06: Project Exports - Large Enterprises’, the award was presented by the Hon’ble Union Minister for Commerce and Industry, Mr. Kamal Nath at a function in New Delhi.

BHEL is India’s industrial ambassador to the world and the largest Power Project exporter from India. Over the years, BHEL has established its footprints in all the six inhabited continents of the world, spanning 68 countries and its technical competence has earned worldwide acclaim.

Buoyed by its success in the international market, the company has identified ‘Enhancing Overseas Business’ as one of the strategic thrust areas. BHEL is taking long strides to become a major global player by enhancing its presence in international markets. The company is looking at exports as one of the key growth-drivers and is targeting a seven-fold increase in physical exports from the current levels.

These focussed efforts have paid rich dividends in the last five years, with a three-fold increase in average annual export order booking, from a level of Rs.5,000 Million during 1998-2002 to Rs.15,000 Million during 2003-2007. In the last five years, BHEL has enlarged its global presence by foraying into new countries like Tajikistan, Surinam, Sudan, Romania, Indonesia, Azerbaijan and Taiwan, in addition to strengthening its presence in existing markets.

Giving a cutting edge to its globalization efforts, the company is positioning itself as a regular EPC Contractor in international markets besides pursuing the Mergers and Acquisitions (M&A) route to avail inorganic growth opportunities to enlarge the company’s operations and reach in export markets.

Notably, fiscal 2006-07 witnessed significant steps towards globalization with receipt of orders for power equipment for over 900 MW of power projects and 5,600 MVA of transformer capacity, the highest ever in the transmission sector overseas, spread across ten countries, besides successful forays in a host of new market segments. This performance has been achieved while operating in a highly competitive international market dominated by well-entrenched multinational corporations.