Date:18/04/2007 URL: http://www.thehindu.com/2007/04/18/stories/2007041801531801.htm

Business - Briefly

L&T to set up joint venture with Mitsubishi

CHENNAI : Larsen & Toubro (L&T) and Mitsubishi Heavy Industries (MHI) have inked a joint venture agreement for setting up a manufacturing facility for super-critical boilers. This follows a technology transfer and licence agreement signed recently by L&T and MHI. Super-critical boilers, an integral component of energy efficient, coal-based power plants, will help meet the demand-supply gap for power plant equipment,says a release.