Nuvia to form JV with Punj Lloyd group co in n-power
MUMBAI: Nuvia India Pvt Ltd, a part of Nuvia, a French major providing engineering and technical support for the nuclear power sector is set to form 50:50 joint venture with a Punj Lloyd group company, PL Engineering, a top company official said.
“Nuvia India and PL Engineering signed a Memorandum of Understanding (MoU) last week to form a 50:50 joint venture partnership to offer nuclear engineering and support services,” Nuvia India’s Managing Director, Mr Kenneth G Jackson, said here today.
The JV will focus initially on providing services to the growing Indian nuclear sector and will later look at the global market, Jackson said, adding that its target audience will be nuclear power companies.
Given the emphasis on accelerating the civil nuclear power program in India and the political encouragement on international collaboration, Nuvia has committed itself to establish a significant base in India in collaboration with the Punj Lloyd Group to offer its engineering and technical support services and range of specialist products to the global nuclear market. – PTI
Source – Business Line