BHEL is pursuing joint ventures with utilities run by State governments to boost sales. The public sector company has signed several joint venture agreements with utilities to “leverage sale of equipment,” said BHEL Chairman and Managing Director B. Prasada Rao here on Monday.
Mr. Rao said the company had signed an agreement for three units of 800 MW each with the Karnataka Power Corporation Ltd., of which orders for two units had already been placed with BHEL.
The company had taken a 26 per cent stake in the joint venture, which had already placed orders for equipment worth Rs. 6,000 crore, Mr. Rao added. The cost of the project is about Rs. 12,000 crore, he said.
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http://www.thehindu.com/business/companies/article548270.ece
Monday, August 2, 2010
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