Though the details of the deal are likely to be finalised in a day or two, a well-placed source told Business Standard, "A number of private companies are in the process of setting up thermal power units in the state. However, no private heavy electrical equipment manufacturing company has a presence in MP.
The state will rope in IL&FS as consultant to gauge the potential in the sector so that private manufacturers of power equipment like turbines and generators may set up shop."
The deal will be signed in the next series of "Destination Madhya Pradesh" in Gwalior on July 29. This will be the last