At inception, the combined order book of the planned joint venture is expected to be ¤2.5-3 billion, he said. Both have entered into a preliminary pact for setting up the joint venture to combine their boiler businesses.
Alstom has also set up a manufacturing facility for hydro power equipment in Vadodara. It will manufacture bearings for medium to large-size hydro power projects, including large turbine and generator thrust bearings, guide bearings and shaft seals, to cater to the sector both in India and abroad.
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