New Delhi, April 9 State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) announced on Thursday that it has signed a Technology Collaboration Agreement (TCA) with the Korean firm E2S Company Ltd for excitation systems for synchronous machines.
This TCA will enable BHEL to design, engineer, manufacture, install, commission, service, test, retrofit, and sell both static and brushless excitation systems in India and overseas, according to a regulatory filing.
The TCA will also enable BHEL to maintain its competitive edge and strengthen its capabilities to cater to the excitation system business for synchronous machines, and contribute to the government's "Make in India" initiative.