BHEL to set up new plant at Latur

The Board has also consider the proposal for initiating the process of merger of Bharat Heavy Plate & Vessels Ltd

Bharat Heavy Electricals Ltd has announced that the Board of Directors of the Company at its meeting held on November 25, 2010 has accorded in-principle approvals to set up of a new BHEL plant as "Power Equipment Fabrication Plant" at Latur, Maharashtra.

The Board has also consider the proposal for initiating the process of merger of Bharat Heavy Plate & Vessels Ltd. (a wholly owned subsidiary of BHEL) with BHEL, to Department of Heavy Industry (DHI). The merger shall be subject to obtaining necessary approvals from appropriate authorities.

ref:
http://www.indiainfoline.com/Markets/News/BHEL-to-set-up-new-plant-at-Latur/5002088630