Seeking to expand its presence in the power sector and emerge as a major player in the coming years, State-run Bharat Heavy Electricals Limited (BHEL) on Thursday said it was exploring the possibility of setting up a separate finance company in a joint venture to finance power projects.
“We would appoint a consultant which would advise us on such issues like leveraging our resources to increase our exposure in the power sector, we may pick up minority stake, say 26 per cent stake in the power projects,” Chairman and Managing Director B. P. Rao said here. The NBFC could target opportunities in overseas markets also, he added.
ref:
http://www.thehindu.com/business/companies/article623505.ece
Friday, September 10, 2010
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