Mumbai, April 9 -- The agreement covers Static Excitation Systems (SES) and Brushless Excitation Systems (AVR), strengthening the company's technological capabilities in this segment.

Under said TCA, the company will design, engineer, manufacture, install, commission, service, test and retrofit both static and brushless excitation systems for domestic as well as international markets. The TCA would also enable the company to maintain its competitive edge and strengthen capabilities to cater excitation system business for synchronous machines and contribute to the Government's 'Make in India' initiative.

The financial terms and other commercial details of the agreement have not been disclosed.

Bharat Heavy Electricals (BHEL) is an integ...