P R Sanjai

Mumbai - The $8 billion Chinese thermal power plant equipment manufacturing major, Shanghai Electric, is planning to set up a manufacturing base in India to supply equipment to domestic thermal power plants.

The company is in talks with Reliance Energy, Tata Power, Larsen & Toubro and the Jindal group for an alliance.

The investment for a full fledged thermal power plant equipment is estimated at over $1 billion.

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Posted by rjorr at November 24, 2006 3:36 PM