Date:27/05/2008 URL: http://www.thehindu.com/2008/05/27/stories/2008052755671700.htm

Business - Briefly

BHEL proposes venture in Egypt

NEW DELHI: Bharat Heavy Electricals Ltd. has proposed the setting up of a joint venture in Egypt for manufacturing utility and industrial boilers. The project would entail an investment of $250 million in association with an Egyptian company. According to the broad proposal, the joint venture would be most preferably done with a government owned Egyptian company to set up a manufacturing unit of 2000 MW capacity in the initial stage to be expanded later in stages. — Special Correspondent