Power |
May 21, 2013#34784
BHEL to exit joint venture power projects
ASAPP news bureau
India's PSU equipment major Bharat Heavy Electricals (BHEL) has taken a strategic decision to exit its joint venture power projects and not enter into any such alliance in the immediate future. The move follows BHEL's decline in its cash balance. It has convinced that picking up stakes in power plants by way of investment and/or in exchange for equipment supplied would hardly help in the current situation.
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