BHEL approves ₹65 crore investment in joint venture
What happened
- BHEL's board approved a ₹65 crore equity investment in its joint venture with NTPC, NBPPL.
- The investment is intended to settle urgent liabilities and maintain operations.
- BHEL will continue to hold a 50% stake in the joint venture.
Key terms explained
Financial terms from this story, in everyday words.
- joint venture
- a business arrangement where two or more parties agree to pool resources for a specific task
Original source
Livemint
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