Reliance Infrastructure, led by Anil Ambani will soon enter in a joint venture with Chinese firm Shanghai Electric Corporation to build an Rs 12,000-crore power equipment plant.

The JV is expected to be completed by 2010 and will have an initial capacity of 10,000mw. The project undertaken by the two companies is expected to be bigger than state-run Bharat Heavy Engineering (Bhel) in terms of capacity.

For the proposed plant, this 50:50 JV will raise around Rs 9,500 crore as debt. The majority of fund will be provided by the foreign banks.

Shipping Corporation of India (SCI) is eyeing joint ventures in order to

Country’s largest oil and gas explorer Oil and Natural Gas Corporation Limited (ONGC) plans to enter uranium mining business in alliance with public-sector Uranium Corporation of India (UCI), the only company producing nuclear power in India.

As the Indo-US nuclear deal is near finalization, the company sees this as a good time to enter into the business. It aims to tap the business opportunity from nuclear fuel shortage in Asia's third largest economy.

Mahindra & Mahindra Ltd (M&M), one of India's leading auto brands, has signed an MoU with the Maharashtra government to upgrade two Industrial Training Institutes (ITIs) under the public private partnership (PPP) scheme approved by the union government.

Under the MoU, an Institute Development Plan (IDP) will be jointly prepared by the Institute Management Committee (IMC) and Mahindra to ensure required trades in terms of both numbers and quality.

The union government plans to upgrade a total of about 1,400 ITIs under the PPP scheme. The ITIs will be upgraded by Mahindra at Ghodegaon and Manikdoh to help create employment opportunities in the state.