Anil Ambani group foraying into power equipment (The Hindu Business line 7th Jan 2008)The Anil Dhirubhai Ambani Group is slated to make a foray into power equipment manufacturing and is in talks for a partnership with global majors, the Chairman, Mr Anil Ambani, said here on Sunday. “We are currently in dialogue with two or three global majors for co-operation for large-scale power equipment manufacturing, including turbines,” Mr Ambani said, while announcing the initial public offering of group company Reliance Power, which is being billed as the country’s largest and could raise up to Rs 11,700 crore. Mr Ambani said there could be some developments over the next couple of months on the company’s plans to enter equipment manufacturing. The proposed move is aimed at ensuring timely and large-scale availability of equipment at competitive rates, as one of the biggest constraints he faced for large and small power projects is the availability of quality equipment - not just technology bu...
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