Chennai-based BGR Energy Systems Ltd said it signed a joint venture agreements with Japan-based Hitachi Ltd and Germany-based Hitachi Power Europe GmbH to set up boiler and turbine manufacturing facility with an investment of Rs3,000 crore in India.
BGR Turbines Company (P) Ltd, the joint venture between BGR and Hitachi, will have its manufacturing facility in Tamil Nadu in which BGR Energy will hold 74% stake while Hitachi will hold the rest.
BGR's second joint venture with Hitachi Power Europe will be for supercritical steam generators for thermal power plants.
On Friday, BGR Energy shares gained 1.8% to Rs797 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.2% lower at 18,143 points.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
