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Article: MHI Establishing Supercritical Pressure Boiler Manufacturing JV in India with Larsen & Toubro.
- Article from:
- JCN Newswires
- Article date:
- April 18, 2007
CopyrightCOPYRIGHT 2007 Japan Corporate News Network K.K. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Tokyo, Japan, Apr 17, 2007 - (JCN Newswire) - Mitsubishi Heavy Industries Ltd. (TSE:7011, 'MHI') has signed an agreement with Larsen & Toubro Limited (L&T), a major engineering and construction firm in India, to jointly establish a company to manufacture and sell supercritical pressure boilers, which are used in coal-fired power generation plants. The move is aimed at responding to a rapidly growing electricity demand, in tandem with India's robust economic growth. The JV, named L&T MHI Boilers Private Limited, will be established this month and is slated to commence manufacturing in the second half of fiscal year 2008, ending March 31, 2009.
The JV will have ...