BGR Boilers, a SPV of BGR Energy Systems, has entered into a 20 year license
agreement with Foster Wheeler North America Corporation, USA for manufacturing
and marketing of steam boilers in India.
Under the agreement, BGR Boilers gets an exclusive license and rights for the
Indian market to design, manufacture and sell sub-critical coal fired steam
generators (boilers) and super-critical coal fired steam generators (boilers).
The license agreement is subject to approval of the Union Government of India.
With the signing of this agreement, the company is likely to increase the
value of in-house contribution in its EPC projects as well as offer quality
products of world repute to the Indian customers.
Also See:
Foster Wheeler
in talks with BGR Energy for boiler manufacture (19-Jul-08)