Subsequent to successful bids, the two American companies would bring in the expertise and finances for executing large water treatment and sewrage treatment projects of 50 million litres per day capacity in India, Ken Sagar, director international operations at the Canadian venture company, Tertium International Inc, said.

Tertium along with United States Investments LLC, USA, another venture fund, were instrumental in working out the alliance between the BYNL subsidiary and the two american companies which are big names in the US water treatment business.

The alliance would open up many doors for the public sector company and allow it to pre-qualify for larger projects, initially within India itself and later for projects in surrounding SAARC and south-east Asian nations, he told The Financial Express.

Baily and Walter Chiang have been bidding and executing projects jointly in the US with the water supply system for the city Dallas and other leading cities being some major projects. Richardson & Cruddas, has four large workshops in Mumbai, Chennai and Nagpur and employees 1250 odd people and has been a successful player in the Indian water and waste treatment business with its clientele including a good mix of private companies and PSUs, Sagar said.

Tertium, which has an umbrella agreement with BYNL for working out strategic plans for its six subsidiaries which include the Bharat Heavy Plates and Vessels (BHPV), Visakhapatnam, R&C Mumbai, Triveni Structurals, Allahabad, Tungabadra Steel Products, Karnataka, Bridge & Roof Ltd., Calcutta and Bharat Pumps and Compressors Ltd., Allahabad.

Under the agreement Tertium has the mandate to work out strategies for utilising the individual strengths of the six subsidiaries.