Rel Infra, Shanghai Electric to ink JV today
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28/07/2008
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Indian Express (New Delhi)
New Delhi, July 27: State-owned power equipment major Bharat Heavy Electricals Ltd will soon have competition from the Rs 7,501-crore Reliance Infrastructure Ltd, part of the Anil Dhirubhai Ambani Group.
According to company sources, Reliance Infra will soon set up a $3-billion joint venture with China's Shanghai Electric Corporation Ltd to make power equipment