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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 / 14:59, May 20, 2015
GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices