BHEL looks at Russia, Kazakhstan, others for market diversification
Bharat Heavy Electrical Ltd (BHEL), one of Asia’s largest power equipment majors, is focussing on geographical diversification of its overseas markets which offers a market potential of around 165 GW, the company said.
BHEL is targeting countries like Russia, Kazakhstan, Belarus and Tajikistan that form a part of the Commonwealth of Independent States (CIS) and also hold promising investment avenues.
In its annual report for 2013-14, BHEL said: “The addressable markets for BHEL add up to a considerable 165 GW based on the current overseas footprint and presents a huge opportunity.