Bharat Heavy Electricals (BHEL) has cut prices of its products by up to 5% in a move to combat stiff competition from Chinese power equipment manufacturers and have better chances of bagging orders from the private power producers.
The company also has price advantage in terms of payment in rupee compared to payment in US dollars to Chinese companies.
In 2008, the company had won a major order from Jindal Steel and Power (JSPL) for 2,400 MW power project and 500 MW from JP Group. It is expecting to bag a few more orders from the private players.
BHEL has also approached the ministry of power for specifying the heat rates of the super critical thermal sets.