BHEL, China TBEA in talks for tie-up

China's Tebian Electric Apparatus Stock Co Ltd (TBEA) and Bharat Heavy Electricals Ltd are in talks to jointly manufacture equipment in India, the Mint newspaper reported citing the Indian firm's head.

"TBEA, who are the biggest in China, want to work together with us, BHEL Chairman B.P. Rao. told the paper. "There have been initial talks."

TBEA makes electric power transformers of up to 1,000 kilo volts, and BHEL has the capacity to make equipment of up to 400 kilo volts, the paper said, adding a tie-up with TBEA would allow BHEL to compete with likes of Siemens AG and ABB Ltd in the high-voltage segment.


ref:
http://www.moneycontrol.com/news/business/bhel-china-tbeatalks-for-tie-up_433069.html