National Thermal Power Corporation (NTPC) and Bharat Heavy Electricals Limited (BHEL) have tied knot to establish a Rs 6,000-crore power equipment manufacturing base in Chittoor district.
Last year, both partners incorporated the joint venture company christened "NTPC-BHEL Power Projects Pvt. Ltd, to manufacture equipment for thermal, hydro, gas and power plants.
The state government has already allotted 750 acres of land for the unit, and further it would provide required infrastructure for the unit like water supply, power and roads as per the Industrial Investment Promotion Policy for mega projects.
The facility is considered as a major industrial project coming up in the state after the Vizag Steel Plant. The plant is expected to provide direct employment to 6,000 people besides indirect employment to over 25,000 persons.
ref:
http://www.topnews.in/ntpc-bhel-establish-manufacturing-unit-andhra-pradesh-2176901
Thursday, June 11, 2009
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