BHEL Partners with South Korea's E2S Company for Advanced Excitation Systems

Bharat Heavy Electricals Limited (BHEL) (NSE: BHEL; BSE: 500103) has announced the signing of a Technology Collaboration Agreement (TCA) with M/s E2S Company Limited, Republic of Korea. This international partnership is aimed at enhancing BHEL's technical capabilities in the specialized field of excitation systems for synchronous machines.

Scope of the Collaboration

The agreement covers two critical areas of power engineering:

- Static Excitation Systems (SEE)

- Brushless Excitation Systems (AVR)

Under this TCA, BHEL will gain the technology rights to design, engineer, manufacture, install, commission, service, test, retrofit, and sell these systems both in India and in overseas markets.

Strategic Rationale and Benefits

This collaboration is a strategic move to modernize BHEL's product portfolio and maintain a competitive edge in the power generation equipment market.

Strengthening Capabilities: It bolsters BHEL's ability to cater to the excitation system business for synchronous machines, which are vital components in power plants.

Make in India: The agreement supports the Government's 'Make in India' initiative by localizing advanced Korean technology.

Market Expansion: With the rights to sell in overseas territories, BHEL can leverage this technology to grow its international footprint.

The financial details and specific terms of the agreement remain confidential as per the regulatory filing.

Shares of Bharat Heavy Electricals Limited was last trading in BSE at Rs. 265.80 as compared to the previous close of Rs. 253.50. The total number of shares traded during the day was 451134 in over 5754 trades.

The stock hit an intraday high of Rs. 267.80 and intraday low of 261.20. The net turnover during the day was Rs. 119511444.00.

Source : Equity Bulls

Keywords

BharatHeavyElectricals INE257A01026 BHEL TCA E2SCompany Korea