Larsen & Toubro (L&T) and Mitsubishi Heavy Industries (MHI) have inked a joint venture agreement for setting up a manufacturing facility for super-critical boilers. According to a release issued by L&T to the BSE today, the move follows a technology transfer and licence agreement signed recently by the company and MHI. "Super-critical boilers, an integral component of energy efficient, coal-based power plants, will help meet the demand-supply gap for power plant equipment as India ramps up its power generation capability using super-critical technology," the release added.The proposed manufacturing JV, with a capital outlay of around Rs 300 crore, will have a product configuration catering to plant capacities ranging between 500 MW to 1,000 MW. The JV will have its engineering centre in New Delhi, and the site for the manufacturing facility will be announced shortly. Manufacturing is expected to commence in the later part of FY2009.
