Notes on Indian equities, sectors and economy

Power sector JVs

Posted by fairval on July 20, 2010


JVs in the BTG space

 The emerging battle lines in the power sector. Some of these will try to compete with BHEL and L&T. 

The BGR Hitachi JV status remains unclear to us. Some media reports in May said the deal was signed. Some other reports say the two companies are still in discussion and the deal will be signed by July. Even in Oct09, a series of stories appeared saying a deal with Hitachi was being signed ‘soon’.

While the stock market is going ga-ga over BGR’s prospects in the power BTG space, some industry sources we have been checking with are not so enamoured by the company.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: