BHEL in talks with overseas players for transmission JV
Saturday, 17 Oct 2009
State run power equipment maker BHEL said it would finalize a global technology partner for the proposed joint venture to manufacture power transmission equipment within three months.
Mr B P Rao CMD of BHEL said in his first press conference after assuming charge of the company “The power transmission equipment (manufacturing) joint venture will be in place in the next three months, we are in talks with some international players,”
He however declined to divulge the name of the international firms. Earlier, this fiscal the company had announced collaborating with a foreign company for manufacturing power transmission equipment.
The JV would focus on manufacturing 765 KV and 1,200 KV transmission equipments. BHEL which has an order book of INR 125,000 crore expects to bag new contracts worth about INR 20,000 crore during the current fiscal.
