BHEL has set a target to increase earnings from exports by six times to Rs 8,000 crore in the next four years (2008-2012). BHEL is also looking at acquiring companies abroad (primarily US and Europe) mainly to augment technological skills. In an interview to PTI, the CMD of BHEL commented that the company is looking for acquisitions in the areas of transportation equipment and fans as their success record in these segments are currently poor. BHEL had earlier set aside Rs 10,000 crore for overseas acquisitions and a separate unit was also created within the company to oversee these operations but could not make any headway in the last two years.
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