India's BHEL Signs 10-Year Technology Transfer Agreement with U.K.'s Sheffield Forgemasters

BANGALORE, INDIA--April 6, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Bharat Heavy Electricals Limited (BSE:500103) (BHEL) (New Delhi), India's largest equipment manufacturer and engineering company in the power sector, recently signed a 10-year technology transfer agreement with one of the world's largest forgings manufacturers, Sheffield Forgemasters International Limited (Sheffield, England). The deal, valued at $43 million, will see BHEL buying forging technology and expertise from Sheffield while offering its knowhow in the engineering sector.