BANGALORE, INDIA -- (MARKET WIRE) -- 07/30/08 -- Researched by Industrial Info Resources(Sugar Land, Texas) -- Indian engineering major Larsen & Toubro(BOM: 500510) (L&T) (Mumbai) and the Nuclear Power Corporation of IndiaLimited (NPCIL) (Mumbai) are likely to establish a $750 million jointventure to manufacture forgings for nuclear power plants. This month, NPCILreceived an in-principal approval from Prime Minister Manmohan Singh, whois also the Minister in Charge for the Department of Atomic Energy, todevelop an integrated melting and forging facility in partnership with L&T.Also, with the imminent signing of the much-debated and long-delayedIndo-U.S. nuclear deal, global power majors like Areva (EPA:CEI) (Paris),General Electric (NYSE:GE) (Fairfield, Connecticut) and Toshiba's(PINKSHEETS:TOSBF) (Minato, Tokyo) Westinghouse Electric Corporation(Monroeville, Pennsylvania) have begun talks with L&T for possible jointventures to manufacture nuclear power equipment and generate nuclear power.For details, view the entire article by subscribing to Industrial Info'sPremium Industry News athttp://www.industrialinfo.com/showNews.jsp?newsitemID=136157, or browseother breaking industrial news stories at www.industrialinfo.com.
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