Toshiba + JSW for Turbine Joint Venture
Wednesday, May 07, 2008Toshiba Corporation and JSW, one of the India's well known business groups have agreed to establish a joint venture company to manufacture and market steam turbines and generators for thermal power plants in India.
Under the terms of agreement between the companies, Toshiba and JSW will establish a joint venture in June 2008. The new company will have an initial capitalization of US$ 50 million, 75% held by Toshiba and 25% by JSW Group, to be held by two key group companies. JSW Steel - 5% and JSW Energy - 20%. The companies are now deciding the location of the headquarters and manufacturing facilities and will and will announce the details in due course.
Recent Corporate Earnings / Breaking News
- Power Trading Corporation - Margins Tripped
- JSW Steel - Hit by Rising Cost
- Elder Pharma - Strong Dose of Results
- GMR - Sabiha Gokcen International Airport
- Omaxe embraces Spa + Massage Business
- Adlabs Films + Lotus Five Star Cinemas Deal
- Bharati Shipyard - Slowing Down
- Balrampur Chini - Margins Sweetening
- Bears Hug Moser Baer
- TAJGVK Hotels & Resorts Ltd
