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From the Blogosphere

HEC, BHEL to sign memorandum of understanding for new venture

17%

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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By tushar makhija (-3.90% risk: aggressive) 12/27/08

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