NEW DELHI: Market leader BHEL has accused the Chinese companies of grabbing the equipment supply contract for mega power projects by resorting to dumping, but the state-owned undertaking declined to move government on this.
"Chinese currency yuan is under-valued. There is a case of dumping," BHEL CMD K Ravi Kumar told reporters when asked as to why his corporation lost out on contracts for the two Ultra Mega Power Projects to Chinese companies.
He, however, said that "I dont want to take up (the issue) in a very aggressive way. I will consider... We need not go and fight with the Chinese. We don't want 100 per cent of the market share. With 60 per cent of the share and having enough profits, it should be okay with us."
At the same time, he said, in terms of performance, BHEL equipment were much better than the competitors and referred to independent studies to establish that the plant load factor of its projects was 90 per cent, while it was 60 per cent in the case of Chinese equipment.
Claiming that BHEL was fully geared up for any competition from the neighbouring country, Ravi Kumar said there was a price difference of up to 20 per cent and the Chiense valuation was also not as per international competition.
"Today, we have matched almost the Chienese price... We are very competitive with the competition," he said, adding that BHEL had an advantage of giving a complete solution for any project as against the product leaders like Siemens and GE and cost leaders like Chienese companies.
"Chinese currency yuan is under-valued. There is a case of dumping," BHEL CMD K Ravi Kumar told reporters when asked as to why his corporation lost out on contracts for the two Ultra Mega Power Projects to Chinese companies.
He, however, said that "I dont want to take up (the issue) in a very aggressive way. I will consider... We need not go and fight with the Chinese. We don't want 100 per cent of the market share. With 60 per cent of the share and having enough profits, it should be okay with us."
At the same time, he said, in terms of performance, BHEL equipment were much better than the competitors and referred to independent studies to establish that the plant load factor of its projects was 90 per cent, while it was 60 per cent in the case of Chinese equipment.
Claiming that BHEL was fully geared up for any competition from the neighbouring country, Ravi Kumar said there was a price difference of up to 20 per cent and the Chiense valuation was also not as per international competition.
"Today, we have matched almost the Chienese price... We are very competitive with the competition," he said, adding that BHEL had an advantage of giving a complete solution for any project as against the product leaders like Siemens and GE and cost leaders like Chienese companies.
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