The state-owned Kerala Electrical and Allied Engineering Company (KEL) has signed a memorandum of understanding with Saudi Engineering Group International (SEGI) of Saudi Arabia for manufacture of transformers and their international marketing. The MoU is for floating a joint venture between the two companies with equal equity participation. In the first phase. The company will make distribution transformers with an investment of Rs 30crore.
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| Posted : 2/27/2008 |
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