Rel Infra, Shanghai Electric to ink JV today

  • 28/07/2008

  • 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