BHEL acquires firm, to set up power plant

Reuters
Posted: May 10, 2008 at 1223 hrs IST
Updated: May 10, 2008 at 1223 hrs IST

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Bharat Heavy Electricals Ltd, India's state-run energy equipment maker, has taken over engineering firm Bharat Heavy Plate and Vessels Ltd, BHEL said in a press statement on Saturday.

The company also signed a memorandum of understanding with Andhra Pradesh Power Generation Corp Ltd for setting up a 125 megawatt coal-based power plant, the release added.