Larsen & Toubro today said it has commissioned gas turbines for two large gas-based power projects in Bangladesh.
Siemens signed an 8 billion euro (USD 8.8 billion) deal to supply gas and wind power plants to Egypt in June, boosting a division which is struggling at home.
BHEL is currently executing 23 major projects in 16 countries and has a presence in more than 75 countries.
Speaking to CNBC-TV18 on his outlook for the sector, K Ravi Kumar, ex chairman, Bharat Heavy Electricals Limited (BHEL) says the export space is more lucrative for companies than Indian markets as there is more demand for gas turbines, heat recovery steam generators, etc.
General Electric Co has landed more than USD 1 billion in orders for new gas turbines in North America so far this year, reflecting power companies' growing interest in natural gas, the largest US conglomerate said.