The joint venture of Bharat Heavy Electricals Ltd with Nuclear Power Corporation of India Ltd (NPCIL) is likely to be approved by the Union cabinet soon.
The new company is to provide engineering, procurement and construction services in the nuclear power sector. The memorandum of understanding to set it up was signed in April 2008.
There will be a third partner, France’s Alstom. Each of the three are expected to hold 33 per cent equity stake. BHEL, the power equipment maker, already has a tie-up with Alstom for its boiler business.
more at:
http://www.business-standard.com/india/news/cabinet-nod-for-bhel-npcil-venture-soon/417286/
Monday, December 6, 2010
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