BHEL Said to Seek $500 Million Europe Purchase

BHEL Said to Seek $500 Million Europe Purchase

Abhijit Bhatlekar/Bloomberg

An AC/DC locomotive train engine manufactured by Bharat Heavy Electricals Limited (BHEL) on the outskirts of Mumbai. The state-owned company is seeking to expand its transportation business to tap metro-rail networks being built in seven Indian cities at an estimated cost of $21.5 billion.