SOURCE: Industrial Info Resources

August 12, 2008 05:30 ET

Reliance Infrastructure and Shanghai Electric in $3 Billion Joint Venture Talks, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - August 12, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Reliance Infrastructure Limited (BOM:500390) (Mumbai, India) and Shanghai Electric Corporation Limited (Shanghai, China) are in talks over a potential joint venture worth $3 billion. The joint venture is expected to be one of the biggest tie-ups in Asia, involving the manufacture of power plant equipment such as boilers, turbines and generator sets. Among other joint ventures in the power sector is the alliance between Toshiba Corporation (PINKSHEETS:TOSBF) (Minato, Tokyo) and the O. P. Jindal Group (New Delhi). Established with an initial capital investment of $50 million, the joint venture will design, manufacture, maintain and market mid- to large-size steam turbines and generators. France's Alstom (EPA:ALO) (Paris) also is considering a $500 million joint venture with India's Bharat Forge Limited (BOM:500493) (Pune, Maharashtra).

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at, or browse other breaking industrial news stories at

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 or visit us online at

Related News Articles

Reliance Infrastructure Plans $7 Billion of Investments in India and Abroad

Green Planet Energy to Invest $240 Million in 14 Biomass-Fed Power Projects in Punjab

China Raises Nuclear Power Target to 5% by 2020

Contact Information

  • Contact:
    Joe Govreau