HEC, BHEL to sign memorandum of understanding for new venture - tushar makhija

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HEC, BHEL to sign memorandum of understanding for new venture
Dec 27, 2008 01:44 PM UTC

tushar makhija

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Via stockezy - Bullwise. Bearaware:

The Heavy Engineering Corporation (HEC) and Bharat Heavy Electrical Limited (BHEL) will sign a memorandum of understanding for a proposed joint venture on September 6, according to HEC sources.

As per the tie-up for the new joint venture, BHEL would use the HEC's foundry forges plant, and the companies would have equal participation in the venture, the sources added.

Find more about this news at UTVi.

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