Business Daily from THE HINDU group of publications
Tuesday, Nov 14, 2006
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Home Page - Engineering
Corporate - Alliances & Joint Ventures
Industry & Economy - Power
Get Latest BSE Quote
L&T teams up with Mitsubishi

Our Bureau

To manufacture equipment for mega power projects


Mega plan
The companies will together invest Rs 450 crore in the venture, currently registered as L&T Boilers.
There are few Indian companies in this space, the notable player being BHEL.

Mumbai , Nov. 13

Larsen & Toubro has entered into a technological collaboration with Mitsubishi Heavy Industries for manufacture of equipment for mega power projects being planned in the country.A joint venture with Mitsubishi resulting from this alliance is definitely on the cards, said Mr K. Venkataramanan, Wholetime Director and President, Engineering & Construction, at L&T. The companies will together invest Rs 450 crore in the venture, currently registered as L&T Boilers Ltd, he said.

Technology transfer

Under the agreement, the Japanese company will transfer technology to L&T for manufacture of supercritical boilers that can meet the requirements of the domestic mega power projects being planned.

Currently, there are few Indian companies in this space, the notable player being Bharat Heavy Electricals Ltd, said infrastructure analysts.

L&T has expressed interest in bidding for two ultra mega power projects, those at Sasan in Madhya Pradesh and Mundra in Gujarat. The company is likely to pursue other mega power projects as well. The technology from Mitsubishi would also be used for L&T's work for National Thermal Power Corporation, he said.

L&T's facility under this venture will either be located at its existing facility at Hazira or at a location more suited to service the destination power plants of its customers, said Mr Venkataraman.

Mitsubishi will grant an exclusive licence and transfer the know-how and technical information to the Power Business Unit of L&T. The areas covered under this agreement include design, engineering, manufacture, testing, inspection, erection, installation, commissioning, operation, repair, services and retrofitting of super critical boilers, including pulverisers. The licence that is for a period of 20 years would cover output range from 300 MW to 1,000 MW for nominal super critical coal fired thermal power plants.

The use of supercritical parameters in large power plants leads to increase in operating efficiency. It also means reduced fuel consumption, said a statement from L&T.

More Stories on : Engineering | Alliances & Joint Ventures | Power | Larsen & Toubro Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Hiring

Stories in this Section
BT forms joint venture with Jubilant Group


`FDI policy in telecom will ensure equality'
India, US sign aviation pact
L&T teams up with Mitsubishi
Pit planting can help in higher sugarcane yield
Zee acquires 50 pc stake in Ten Sports
Mulford asks Govt to allow entry to US varsities
3i Infotech acquires US firm for Rs 54 cr
Sensex crosses 13,400-mark intra-day
Empire Ind hits 5% upper circuit
RPG Cables up on realty deal talk
New software to take cricket viewing to new highs
Kirana stores, getting refashioned by Hind Lever



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line