JOIN USFaced with reduced order book and stiff competition, power equipment maker Bharat Heavy Electricals Ltd (BHEL) is exploring new business models apart from scouting for overseas opportunities in Russia, Kazakhstan and other countries.
BHEL, is also keen to tap opportunities in the nuclear power segment and possible entry into core-nuclear area.
In its 2013-14 annual report, BHEL said it has taken strategic initiatives to sustain and grow in present adverse market conditions.
BHEL is exploring new business models with partnerships for power plant developers for upcoming UMPPs and debt financing for new projects in partnership with financial institutions.
It saw its net profit as well as turnover slump in the last financial year compared to 2012-13 period. Last fiscal, turnover and net profit dropped to Rs 40,338 crore and Rs 3,461 crore, respectively.