Bharat Heavy Electricals (BHEL) has entered into Memorandum of understanding (MoU) with M/s Nuovo Pignone International s.r.l. Under the agreement, the company shall be the Main (Lead) bidder to the identified customers for addressing the Compressors train revamp business opportunities in Fertiliser sector in India and M/s Nuovo Pignone International s.r.l. will be nominated vendor to the company through the subject MoU with definite scope of work. The company will be able to address Compressor Revamp opportunities in Fertilizer sector in India after strategic Tie Up with Nuovo Pignone International s.r.l. with approximately business share of 50% in financial terms. In addition, the company’s market share is expected to improve in fertilizer sector R&M business.
Bharat Heavy Electricals is an Indian central public sector undertaking and the largest government-owned power generation equipment manufacture.
