Bharat Heavy Electricals Ltd has signed an agreement with Shell, the Netherlands-based global energy and petrochemicals giant, for supply of gas turbines and generators over the next five years, according to reports.
Reports stated that Under the Enterprise Framework Agreement, BHEL will supply Gas Turbine Generator packages to Shell in select locations including Asia-Pacific, Middle-East, Central Asia, Eastern Europe and Africa.
The company has not disclose financial details of the deal, says report.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.