Business Daily from THE HINDU group of publications
Saturday, Dec 05, 2009
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Business Daily from THE HINDU group of publications Saturday, Dec 05, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate
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Alliances & Joint Ventures Bharat Forge-Alstom venture to set up plant at Mundra 
Virendra Pandit Ahmedabad, Dec. 4 The Bharat Forge-Alstom joint venture to make power equipment at an investment of Rs 2,400 crore is setting up the plant in the Mundra SEZ. The facility, spread over 120 acres, will be the largest of its kind in the private sector in the country with the capacity to manufacture high-efficiency power generation equipment. The foundation stone for the facility was laid at Mundra today by the Gujarat Chief Minister, Mr Narendra Modi. This project will utilise Mundra Port extensively for moving project equipment manufactured at the site to prospective customers. Speaking on the occasion, Mr Gautam Adani, Chairman, Adani Group, said Mundra has become an attractive destination for power generation. The power generation capacity at Mundra will exceed 12,000 MW, from present capacity of 8,600 MW in the near future, he added. Mundra SEZ, owned by the Adani group company Mundra Port and Special Economic Zone Ltd, is the largest multi-product and first port-based SEZ in the country. It has multi-model connectivity including road, private rail line, sea port, air port and cross-country pipelines. Utility infrastructure such as power generation, transmission and distribution, desalination plant, central effluent treatment plant, and social infrastructure is likely to generate employment for about four lakh people and attract investment of more than $50 billion, according to a company statement. Bharat Forge to raise Rs 750 cr More Stories on : Alliances & Joint Ventures | Power | Infrastructure
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