BGR Energy in 20 yr licence agreement with US firm
Engineering equipment supplier BGR Energy Systems on Wednesday said it has entered into a 20-year licence agreement with an US based firm for manufacturing and marketing of steam boilers in the Indian market.
By PTI |
MUMBAI: Engineering equipment supplier BGR Energy Systems on Wednesday said it has entered into a 20-year licence agreement with an US based firm for manufacturing and marketing of steam boilers in the Indian market.
BGR Boilers Pvt Ltd, a special purpose company, has entered in to a license agreement with Foster Wheeler North America Corp, a subsidiary of Foster Wheeler's Global Power Group, USA, BGR Energy said in a filing to the Bombay Stock Exchange.
The licence agreement grants to BGR boilers an exclusive licence and rights for the Indian market to design, manufacture and sell-- sub-critical coal fired steam generators (boilers), super-critical coal fired steam generators (boilers), the filing added.
"This partnership with Foster Wheeler to manufacture coal boilers will increase the value of in-house contribution in our EPC projects as well as offer quality products of world repute to the Indian customers," BGR Energy Systems Chairman and Managing Director B G Raghupathy.
The licence agreement is subject to approval of the government of India.
Foster Wheeler North America is a global engineering and construction contractor and power equipment supplier, it added.
BGR Boilers Pvt Ltd, a special purpose company, has entered in to a license agreement with Foster Wheeler North America Corp, a subsidiary of Foster Wheeler's Global Power Group, USA, BGR Energy said in a filing to the Bombay Stock Exchange.
The licence agreement grants to BGR boilers an exclusive licence and rights for the Indian market to design, manufacture and sell-- sub-critical coal fired steam generators (boilers), super-critical coal fired steam generators (boilers), the filing added.
"This partnership with Foster Wheeler to manufacture coal boilers will increase the value of in-house contribution in our EPC projects as well as offer quality products of world repute to the Indian customers," BGR Energy Systems Chairman and Managing Director B G Raghupathy.
The licence agreement is subject to approval of the government of India.
Foster Wheeler North America is a global engineering and construction contractor and power equipment supplier, it added.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
