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 News Service / 08:49, Aug 22, 2014
The outlook is a positive start with indices set to take initial cues from the global markets. US indices closed higher with S&P 500 at a record high. The Dow and S&P 500 added around 0.3% while Nasdaq gained marginally.