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Bharat Heavy Electricals (BHEL) and GAIL India have entered into a Memorandum of Understanding (MoU) to jointly develop solar power projects. GAIL shall be the project developer and BHEL shall act as an engineering, procurement, construction and project management contractor.

BHEL shall also provide operation and maintenance services during the initial period upon becoming successful bidder. The MOU aims at building a closer strategic partnership between the two Maharatna PSUs for jointly pursuing commercial solar power projects through participation in tariff / Viability Gap Funding (VGF) based competitive bidding process.

BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.

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BHEL Share Price

56.55 -1.65 (-2.84%) Sep 17, 18:01
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