Friday, February 15, 2008

BHEL Secures Rs 200cr ONGC Deal

New Delhi: Bharat Heavy Electricals Ltd (BHEL) on Feb 14, announced it has secured a Rs 200-crore order from Oil and Natural Gas Corporation (ONGC) for supply of spare and accessories used in oil exploration. The order is the single largest, long-term contract from ONGC for supply of well head assemblies, X-mas tree valves and other critical spare and accessories used in the oil exploration. Around 65 per cent of the deal will have deemed export status, the new order comprises supply of over 500 sets of well head assemblies and X-mas tree valves per annum.

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