Hitachi, German, generator, turbine--BGR Energy May Forge JV With Hitachi Arm

Hitachi Group recently hiked its stake in Tata firm Telcon and acquired Flyjac Logistics. Japanese major Hitachi Group appears to be upping its ante in India. BGR Energy Systems, a heavy electrical equipment maker, may enter into an equity joint venture with a unit of Hitachi. The Hitachi arm is likely to pick up to 50% stake in the Indian joint venture with BGR in the power plant equipment space. The deal may help BGR gain from Hitachi’s technical knowhow while the latter will get a direct presence in India. BGR, which currently imports boiler, turbine, generator (BTG), will now be able to manufacture these in India.