BHEL signs MoU with KEL

Government-owned power equipment maker Bharat Heavy Electrical Ltd (BHEL) has entered into an understanding with Kerala Electrical and Allied Engineering Co Ltd (KEL) for setting up a joint venture (JV). The proposed venture will manufacture equipment such as wind power generators. 
The proposed JV expects to generate a turnover of Rs 60 crore by next year. It would supply generators and other specific range of products to General Electricals and Siemens. BHEL would provide necessary technical and managerial support to ensure that the venture is optimally utilized.