Nuclear Power Corpn, L&T likely to form JV
Nuclear Power Corporation of India (NPCIL) and engineering & construction major L&T, are likely to form a joint venture company to manufacture forging materials entailing an investment of Rs 1,500-2,000 crore.
By PTI |
MUMBAI: Nuclear Power Corporation of India (NPCIL) and engineering & construction major L&T, are likely to form a joint venture company to manufacture forging materials entailing an investment of Rs 1,500-2,000 crore.
The two companies have taken a decision to form the joint venture, but are yet to finalise other details, NPCIL's Executive Director (Corporate Planning), Sudhinder Thakur, told reporters on the sidelines of a power seminar organised by the CII here.
"A decision has been taken by both parties to form a joint venture, but nothing has been finalised yet," Thakur said, adding that approvals from the Government is at 'various stages'.
However, when contacted an L&T official told PTI that any opportunity in the power sector for equipment supply is interesting to the engineering & construction major, but declined to confirm or deny the proposed venture with NPCIL.
"We don't want to deny or confirm this particular development," the official said.
The two companies have taken a decision to form the joint venture, but are yet to finalise other details, NPCIL's Executive Director (Corporate Planning), Sudhinder Thakur, told reporters on the sidelines of a power seminar organised by the CII here.
"A decision has been taken by both parties to form a joint venture, but nothing has been finalised yet," Thakur said, adding that approvals from the Government is at 'various stages'.
However, when contacted an L&T official told PTI that any opportunity in the power sector for equipment supply is interesting to the engineering & construction major, but declined to confirm or deny the proposed venture with NPCIL.
"We don't want to deny or confirm this particular development," the official said.
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