Bharat Heavy Electricals on Sunday said it will invest Rs 1,400 crore to build a manufacturing facility for castings and forgings, key components for power equipment.
BHEL has also formed a 50:50 joint venture company with Heavy Engineering Corporation (HEC) to cater to the needs of castings and forgings.
The new JV company would manufacture some of the castings and forgings required by the two units of HEC, Heavy Machine Building Plant (HMBP) and Heavy Machine Tools Plant (HMTP).
Source:
http://www.hindu.com/thehindu/holnus/006200809080323.htm
Sunday, September 7, 2008
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