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Indian Companies Forge Joint Ventures with International Companies to Manufacture Nuclear Power Equipment


Industry Segment: Power | Word Count: 680 Words

BANGALORE, INDIA--December 2, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--State-operated power generation equipment manufacturer Bharat Heavy Electricals Limited (BSE:500103) (BHEL) (New Delhi) is in talks with electrical equipment maker Areva T&D India Limited (BSE:522275) (Noida, Uttar Pradesh) to set up a 26:74 joint venture that will manufacture nuclear reactors. The joint venture would manufacture 1,600-megawatt European pressurized reactors in a facility that would be modeled along the lines of Areva's existing facility in Finland.

Other companies featured: Steel Authority of India Limited (BSE:500113), Alstom SA (EPA:ALO), Bharat Forge Limited (BSE:500493), National Thermal Power Corporation (BSE:532555), Larsen & Toubro Limited (OTC:LTOUF), General Electric (NYSE:GE), USEC Incorporated (NYSE:USU) and Tata Power (BSE:500400)

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