L&T inks JV agreement with Howden

Larsen & Toubro (L&T) and Howden have signed a Joint Venture (JV) to design, engineer, manufacture and supply axial fans and air pre-heaters to Indian thermal power plants ranging between 100 MW to 1200 MW. These products form vital components of energy efficient thermal power plants.

The JV will invest around Rs 100 crore (Rs 1000 million) for setting up of the industrial facility and related infrastructure. The manufacturing unit will be setup in Hazira, Gujarat, and its operations are expected to commence in 2011. This strategic partnership allows L&T to join forces with a global technology leader, and offers Howden access to the fast growing Indian power plant equipment market.

The establishment of the JV represents a further strengthening of capabilities of L&T Power, a wholly owned subsidiary of L&T, which provides a one stop-solution for the Indian power generation sector.

L&T also has joint ventures with MHI for the manufacturing of Super Critical Boilers, Steam Turbines and Generators. The manufacture of fans and air-heaters augments L&T Power’s portfolio of products from its own operations and operations of its existing joint ventures. With the combination of these three joint ventures, L&T Power will have a distinct edge in the market for power plants.

The joint venture agreement was signed by Ravi Uppal, MD & CEO, L&T Power and Mr Bob Cleland, CEO – Howden Global in Mumbai in the presence of the A M Naik, Chairman and Managing Director, L&T.