Bharat Heavy Electricals, an integrated power plant equipment manufacturer, has signed three MoUs with Kazakh companies during the Prime Minister Narendra Modi's recent visit to Kazakhstan.

The first MoU was signed with JSC Samruk Energy, the national power utility of Kazakhstan having a major share in the Kazakh power sector. Both companies will work together on the projects of mutual interest. The MoU was later exchanged in the presence of the PMs of Kazakhstan and India at the Indo-Kazakh Business Forum.

An MoU towards comprehensive co-operation in the energy sector for design and construction of power plants and CHP (combined heat and power plants) was signed with KUS, one of the largest utility companies in the Kazakh power sector operating in power generation; heat production; transmission; sale of heat and electricity, etc. KUS is owned by the Ordabassy Group, total assets of the group being more than USD 9 billion.

BHEL and KAZNEX INVEST, the National Export and lnvestment Agency of Kazakhstan, working under the Ministry of lnvestments and Development of the Republic of Kazakhstan also agreed on co-operation in attempting proiects in Kazakhstan and an MoU to this effect was signed during the visit.

Shares of the company gained Rs 0.1, or 0.04%, to trade at Rs 285.20. The total volume of shares traded was 134,964 at the BSE (1.21 p.m., Thursday).