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Mumbai, May 21

Nuclear Power Corporation of India Ltd is likely to create a joint venture with L&T, for forgings. Talking to reporters on Wednesday, Mr S. Thakur, Executive Director (Corporate Planning) of NPCIL, said since forging companies have more work that they can handle, in many instances the forging jobs are being delayed by six years. They also demand exorbitant prices for the work. Therefore the new company is being set up, he said. Mr Thakur said that details of the propos ed joint venture like financial structure and location of the company are being worked out, he said.

– Our Bureau

More Stories on : Alliances & Joint Ventures | Bearings | tings & Forgings | Power | Larsen & Toubro Ltd

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