Bharat Heavy Electricals Limited has informed the Exchange about Agreements

BHEL has signed a Technology Collaboration Agreement (TCA) with E2S Company Limited, Republic of Korea, for excitation systems used in synchronous machines. The agreement covers Static Excitation Systems (SEE) and Brushless Excitation Systems (AVR). The TCA is confidential regarding consideration and terms. This collaboration will enable BHEL to design, engineer, manufacture, install, commission, service, test, retrofit, and sell excitation systems in India and overseas markets. The rationale includes maintaining competitive edge and supporting the 'Make in India' initiative.