BHEL, NPCIL to sign JV agreement on 4th April 2008

Bharat Heavy Electricals Ltd will sign a memorandum of agreement today with Nuclear Power Corporation of India to float a joint venture for manufacturing equipment for nuclear power plants. The joint venture would also take up engineering, procurement and construction activities for nuclear power projects in India and abroad. BHEL expects to spend a sum of over Rs 4,000 crore in the proposed joint venture, which would be funded through internal accruals.