SOURCE: Industrial Info Resources

September 15, 2008 07:00 ET

BHEL in Discussion With Global Majors to Set Up Locomotive Plant, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - September 15, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Bharat Heavy Electricals Limited (BOMBAY:500103) (BHEL) (New Delhi) is planning to strengthen its position in the locomotive business by setting up a greenfield locomotive manufacturing project. The government-owned BHEL, which is India's largest power equipment manufacturer, has earmarked an initial investment of $225 million in the project. The proposal follows BHEL's decision to bid for a tender floated by Indian Railways for sourcing 660 electric locomotives at an approximate cost of $5.6 billion. BHEL has started discussions with several global locomotive and transportation giants for forming a joint venture. Prospective partners include: Alstom (EPA:ALO), Mitsubishi Corporation (PINKSHEETS:MSBHY) and Toshiba Corporation (PINKSHEETS:TOSBF).

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=138774, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

Related News Articles

NTPC Seeks Approval from Indian Government to Raise $26 Billion

Thermax Plans $125 Million Sub-Critical Boiler Plant with Technology Transfer from Babcock & Wilcox

Indian Bank Finance for Projects Declines as Power Project Schedules Slip

Contact Information

  • Contact:

    Joe Govreau
    713-783-5147