BHEL, MMTC to jointly promote power equipment exports

BHEL, MMTC to jointly promote power equipment exports

New Delhi: Bharat Heavy Electricals Ltd has entered into an MoU with another public-sector firm, MMTC, to jointly work towards increasing exports of power plant equipment from India.

As per the pact, the two companies will tap opportunities of counter trading and bulk buying by MMTC to promote the export of BHEL equipment overseas, a BHEL statement said.

It also addresses the issue of energy security by linking import of fuels, such as coal with the export of power projects.

The MoU was signed between BHEL Chairman and Managing Director Ashok K. Puri and MMTC Chairman and Managing Director Sanjiv Batra on 3 Septeber.

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