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BHEL bags largest long-term contract from ONGC
New Delhi, February 14, 2008
In the face of stiff competition under International
Competitive Bidding (ICB), Bharat Heavy Electricals Limited (BHEL)
has won the single-largest long-term rate contract from ONGC
for the supply of Well Head assemblies, X-mas Tree Valves and
other critical spares/accessories used in oil exploration.
ONGC's projected off-take from BHEL for this vital equipment
is about Rs.200 Crore for the next three years for their
onshore as well as offshore projects. Around 65 per cent of
these orders will have deemed export status.
This is the second time BHEL has received such a contract from
ONGC and reflects the customer's confidence in the company's
capabilities. BHEL had earlier received a similar long term
contract from ONGC in February, 2004 for Well Head assemblies
and X-mas Tree Valves, which expired in February, 2007.
BHEL's scope of work in the present contract envisages
manufacture and supply of Over 500 sets of Well Head
assemblies and 350 sets of X-mas Tree Valves per annum. ONGC's
concerned regional offices located across the country, will
compile their requirement and place orders directly on BHEL,
as per the agreed rates, terms and conditions of the contract.
BHEL has so far manufactured and supplied over 4,000 sets of
Well Head assemblies and X-mas Tree Valves of up to 10,000 psi
rating for various applications, to ONGC, Oil India Ltd. and
Private Drilling Companies in India and overseas.
Significantly, with an over 90% share, BHEL is the market
leader in Well Heads and X-mas Tree equipment in the country.
Outside India, BHEL has exported valves to a number of
countries including Oman, USA, Japan, Malta, Singapore,
Indonesia, Kuwait, Taiwan, Syria, Cyprus, Egypt, Bangladesh
and Philippines. A number of multinational companies like Toa
Valve Co. of Japan, Kvaerner Oilfield Products, Singapore and
Dresser Industries, USA have also sourced their requirement of
valves from BHEL.
Notably, BHEL's Trichy plant has the largest valve
manufacturing facility in India, manufacturing valves ranging
from 3 mm to 900 mm in size from carbon steel, low alloy steel
and stainless steel.
In addition, BHEL’s contribution to ONGC includes
refurbishment and upgradation of onshore oil rigs, supplied
earlier.
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