Bharat Heavy Electricals (BHEL) is close to signing an agreement with two foreign companies for joint ventures (JV) in forging and transmission sectors, reports Business Standard.
BHEL presently manufactures forging equipment for the sub-critical power plants at its Haridwar plant in Uttarakhand.
The company is also about to sign a pact with Japan`s Toshiba for equipment manufacturing and engineering, procurement and construction business in the transmission sector.
The government plans to add 78,577 mw capacities in the ongoing Eleventh Five Year Plan (that ends Mar 2012) and another 82,000 MW under the Twelfth Plan.
The transmission system that empties power from the generating stations will thus have to be enhanced manifold.
Shares of the company closed up Rs 7.1, or 0.51%, at Rs 1,408.25. The total volume of shares traded at the BSE was 394,834 (Friday).
Source:
http://www.myiris.com/newsCentre/newsPopup.php?fileR=20090103104219203&dir=2009/01/03&secID=livenews
Saturday, January 3, 2009
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