Bharat Heavy Electrical Ltd (BHEL) has entered into an understanding with Kerala Electrical and Allied Engineering Co Ltd (KEL) for setting up a joint venture (JV). The proposed venture will manufacture equipment such as wind power generators.
"We have already installed over 100,000 MW of power generating capacity world-wide. The company is gearing up to meet emerging demands in the transportation segment, which is expected to grow exponentially due to the railways plans for capacity enhancements," BHEL chairman and managing director K Ravi Kumar said.
The proposed JV expects to generate a turnover of Rs 60 crore by next year, said Mr Kumar. It would supply generators and other specific range of products to General Electricals and Siemens.
BHEL would provide necessary technical and managerial support to ensure that the venture is optimally utilised. BHEL has got orders worth about Rs 10,000 crore from National Thermal Power Corporation (NTPC) and power generator Neyveli Lignite Corp Ltd, Mr Kumar said.
source:
http://economictimes.indiatimes.com/News/News_By_Industry/Energy/BHEL_signs_MoU_with_KEL/articleshow/4071378.cms
Tuesday, February 3, 2009
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