BHEL Partners Nuovo Pignone To Bid For Compressor Revamp Projects

Bharat Heavy Electricals Ltd. on Wednesday said it has entered into a strategic partnership with Italy-based Nuovo Pignone International s.r.l. to pursue compressor revamp opportunities in India’s fertiliser sector.

Under the memorandum of understanding, BHEL will be the main bidder for identified compressor train revamp projects, while Nuovo Pignone International will act as the nominated vendor to BHEL, the company said in an exchange filing.

The partnership is valid for 10 years from the date of signing or until both parties mutually agree to continue. BHEL expects the tie-up to help boost its presence in the fertiliser sector’s raw material segment.