Bharat Heavy Electricals Ltd (BHEL) plans five joint ventures (JVs) in the nuclear sector and locomotive manufacturing. The company has decided to invest Rs 1,000 crore in a castings and forgings joint venture, Chairman and Managing Director K Ravi Kumar said.
BHEL has initiated talks with global giants in nuclear energy such as Areva of France, Toshiba of Japan, Westinghouse of the US and GE Hitachi for building reactors. For its forgings and castings JV, the public sector major is in discussions with Areva and Bharat Forge. The company had roped in UK’s Sheffield Forgemasters as technical partner in the venture, Ravi Kumar told Business Standard
source:
http://www.business-standard.com/india/news/bhel-plans-jvs-in-nuclear-loco-sectors/363567/
Saturday, July 11, 2009
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