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 / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.