(Source: MARKET WIRE)Researched by Industrial Info Resources (Sugar Land, Texas) -- Thermax Limited (BOM: 500411) (Pune, Maharashtra), an engineering equipment manufacturer and solutions provider, has entered into a technical agreement with Babcock & Wilcox Power Generation Group (Barberton, Ohio), a subsidiary of McDermott International (NYSE:MDR) (Houston, Texas), to set up a manufacturing plant for sub-critical boilers for power plants. The facility will be set up with an investment of $125 million and will produce sub-critical boilers with capacities ranging from 100 megawatts (MW) to 800 MW.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=137747, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

SOURCE: Industrial Info Resources