Bharat Heavy Electricals (BHEL) has informed that the company is in talks with Infrastructure Leasing & Financial Services (IL&FS) for financing its overseas operations.

According to the sources, the two conglomerates will soon enter into a memorandum of understanding (MoU), under which IL&FS will offer the financial packages for BHEL`s international project.

With the view to diversify its business footprints in the international business arena, the public sector unit, is eyeing to make its entry in West Asia, Europe and Africa.

The stock analysts have suggested traders to stay invested in BHEL for long term gains. 

BHEL is the largest engineering and manufacturing conglomerate of the country that participates in energy-related/infrastructure sector.

Stock of Bharat Heavy Electricals closed (on Friday) at Rs 1,708, up 5.91 per cent on National Stock Exchange. The total volume of share traded was 1,926,915 at NSE.