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17 April 2007 - Mitsubishi Heavy Industries (MHI) has signed an agreement with Larsen & Toubro Limited (L&T), a major engineering and construction firm in India, to jointly establish a company to manufacture and sell supercritical pressure boilers.

The move is aimed at responding to a rapidly growing electricity demand, in tandem with India's robust economic growth.

The JV, named L&T MHI Boilers Private Limited, will be established this month and is slated to commence manufacturing in the second half of fiscal year 2008, ending 31 March, 2009.

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