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BIAL to fast track construction of new terminal building | BGR Energy bags order worth Rs15.6 crore | Ashley Alteams commence its manufacturing facility in Chennai | HPCL starts pumping 'cleaner' petrol | UltraTech Cement's profit down by 18% | Suzlon bags Swedish turbine order | Era bags Rs1,659-cr road orders | Sunil Mantri Group announces expansion in Bangalore | IVRCL to build road stretch between Indore and Jhabua | Punj Lloyd bags Rs947 cr order | Videocon plans to invest Rs1,600 cr in TN | Hindustan Sanitaryware plans faucet manufacturing unit | HRBC commences construction of metro building | Idea to infuse Rs4500 cr for nationwide expansion | Indiabulls to set up 1320 MW thermal power plant | Indian Industries Association proposes gas-based power plant | Orissa to develop rail-road-water pipeline and infrastructure corridor

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8 – 10 April 2010, Bombay Exhibition Centre, Mumbai , India

Andhra Pradesh CM killed in copter mishap | Kolkata Port invites bids for HDC | Govt signs agreements with World Bank for three projects | Thermax enters into JV with SPX Corp | IVRCL Infra bags Rs 583 cr water projects

Govt signs agreements with World Bank for three projects

8/26/2009 5:29:00 PM

Engineering firm Thermax said it has entered into a joint venture with infrastructure firm SPX Corporation for providing expertise in integrating energy and engineering for large infrastructure projects. The company and SPX Corporation has established a strategic joint venture (JV) on a 51% and 49% shareholding basis, respectively, Thermax said in a statement to the Bombay Stock Exchange. “We are very happy to bring in the expertise of SPX. With this joint venture, India will now have a world-class supplier for power plant accessories and balance of plant equipment, a critical factor for our economy,” Thermax Managing Director, M S Unn ikrishnan said. The JV would operate on the basis of a licence agreement with Balcke-Durr GmbH, Germany, a subsidiary of SPX Corporation, Thermax added. For the Indian power sector, the joint venture would provide a synergy of Thermax expertise in integrating energy and environment engineering with SPX technology solutions for large infrastructure projects, it said. The JV would address the requirements of the Indian power sector, poised for rapid growth with systems based on the proven technologies of SPX Blacke-Durr, the statement said.