New Delhi: As the conflict in West Asia shows signs of making up, United Heavy Industry Minister HD Kumaraswamy said that the state-run Bharat Heavy Electrical Co., Ltd. (BHEL) is keen to work in the region once the situation returns to normal. The minister added that BHEL is closely monitoring the crisis in the region, including changes in the Syrian regime and an Israel-Hamas ceasefire.
“[The company] Once the situation is normal, you will be eager to resolve the right opportunity in the area. We are currently actively interacting with potential customers in Iraq and Israel. ” Mint.
Although the minister did not specify the type of opportunity that BHEL will seek, the development is very important because it shows that India is ready for a competitive reconstruction effort in the war-torn areas of West Asia.
Waiting for the designation of “Strategic PSU”
BHEL’s main tasks include manufacturing engineering and power generation equipment. For its work in the power and defense sectors and its international footprint, the Parliamentary Public Commitment Committee recommends designating BHEL as the “Strategic PSU” for December. Mint It was reported on January 19 that the coalition government is actively considering the proposal and deleted the investment list by BHEL.
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Bhel received almost all orders ₹Rs 7.8 billion in fiscal year 24 is the highest fiscal. This is more than three times the value of the orders received in FY23 ( ₹235.48 million), nearly seven times (FY21 figure) ( ₹114.7 million).
The power generation equipment maker claims that in 2032, the Alliance Electricity Ministry pushed the country to build a thermal power plant in its annual report for fiscal year 24 with a market share of 100%. By 2032, the country will have an additional 80 gigawawats in the country. BHEL’s order order order order order order order order orders are used in the heater generator in the power plant for boilers in the power plant, which is full in the power plant.
Global Footprint
The company’s wide international presence is another reason why it is eager to rebuild West Asia. “BHEL has expanded its footprint in 91 countries across all six residential continents,” Kumaraswami said in an interview.
According to the company’s disclosure to the parliamentary committee, railway engine manufacturers also received as many as 62 export contracts in fiscal 23, an increase of more than 30% from 47 export contracts in the previous year.
“BHEL received 70 contracts in 2017-18, including all aspects including spare parts and services. However, the acquisition of the contract has 37 contracts, 37 contracts were signed in 2020-21, and 62 contracts were obtained in 2022-23 in the December 2024 report.
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BHEL has been exported to Western Asian countries such as Iran, Iraq, Oman, Yemen, Saudi Arabia and the UAE, and has also established various projects in the region since the 2000s.
“In the Middle East, BHEL has also established 14 power projects, in addition to substations and oil and gas sectors supplying and supplying many power and oil and gas sectors,” the company said in June 2010. The company said this was BHEL’s first project in the UAE.
In May 2024, BHEL announced a partnership with Hima Mideal East Fze for its railway signaling business. “Recognizing its core strength as a manufacturing company, BHEL has made efforts to focus its products at the heart of its international business. BHEL’s products, such as motors, Transformers, compressors and valves, have demand in the international market, and orders in the sector have grown over the years.”
Hibernation project
This is not the first attempt by BHEL to conduct a project in West Asia after the conflict. The company’s Malibu gas turbine project in Yemen has been put on hold due to a civil war since March 2015. The December 2024 Parliamentary Committee report also recommended that BHEL work closely with the Ministry of External Affairs to assess the feasibility of recovery projects in unstable areas.
In its December 2024 report, the committee said that focusing on exports from new foreign customers could reduce BHEL’s dependence on its domestic customers. The company said in its annual report for fiscal 24 that BHEL’s turnover currently has export share of slightly more than 3%.
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