Bhel Agrees to Joint Venture With GE to Set up Locomotive Manufacturing Unit

Bharat Heavy Electricals Ltd (Bhel), a public sector equipment manufacturer, has signed an agreement to float a joint venture with US-based technology provider General Electric (GE) to manufacture diesel locomotives for Indian Railways. The facility would be set in Marhoura, Bihar, with initial capacity to manufacture 120 locomotives a year. Bhel would hold 23% stake, […]