Bhel wins Rs1,000 cr Bhutan order

Bhel wins Rs1,000 cr Bhutan order

New Delhi: India’s biggest power equipment maker, Bharat Heavy Electricals Ltd (Bhel), won a Rs1,000 crore order to supply equipment for a hydroelectric power project in Bhutan, potentially boosting export earnings.

Bhel will supply the equipment for a proposed 1,200MW power plant on the Punathsangchu river, about 80km from the capital Thimphu in western Bhutan, the company said in a statement on Monday.

The company’s biggest order from a hydropower plant project will help increase its order book of Rs1.34 trillion when Bhel is planning to double its capacity by March 2012.

The equipment maker wants to increase exports as it competes with rivals such as Larsen and Toubro Ltd and a joint venture between Toshiba Corp. and India’s JSW Group.

“Any new orders will help as competition is increasing within the country," Shruti Udeshi, an analyst at brokerage firm Finquest Securities Pvt. Ltd, said over the phone from Mumbai.