BHEL secures Oman contracts worth Rs 2,000 crore

Bharat Heavy Electricals (Bhel) has bagged a major contract from the Sultanate of Oman to erect and commission a series of 126 mega watt gas turbine generators for the power projects planned by the Petroleum Development Oman (PDO). The company said the rate contract has been secured in the face of stiff international competition. The contract will initially be valid for six years with a provision for further extension by another 3 years with mutual agreement, during which PDO can buy additional units from BHEL. The value of business is expected to be of the order of Rs 2,000 crore, over the next 6-7 years.