Larsen & Toubro (L&T) and UK engineering company Howden have signed a joint venture to design, engineer, manufacture and supply axial fans and air pre-heaters to Indian thermal power plants. These products are vital components of energy–efficient thermal power plants.
Howden supplies fans, rotary heat exchangers, compressors and gas cleaning equipment globally to key industries including power generation, petrochemicals, steelmaking, mining and cement production.
The joint venture will invest around Rs1 billion (US$21.3 million) to set up the industrial facility and related infrastructure. The manufacturing unit will be in Hazira, Gujarat, and is expected to be operational in 2011. This strategic partnership allows L&T to collaborate with a global technology company and offers Howden access to the burgeoning Indian power plant equipment market.
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