Monday, March 30, 2009

RPT-Bharat Electronics in solar JV with BHEL

Bharat Electronics Ltd said on Monday it has signed an agreement with Bharat Heavy Electricals to jointly set up a company for solar photo voltaic cell business.

The JV will cater to the domestic and overseas markets, it said in a statement, and the two state-run firms will be scouting out for a suitable technology partner.

The project will leverage government incentives for solar energy, making it economically viable, and take care of the high capital costs, it added.



ref:
http://in.reuters.com/article/domesticNews/idINBOM42564620090331

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