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BGR Energy with US Firm to Make & Market Steam Boilers

BGR-Energy-SystemsEngineering equipment supplier BGR Energy Systems said it has entered into a 20-year licence agreement with an US-based firm for manufacturing and marketing of steam boilers in the Indian market.

BGR Boilers, which is a special purpose company, has entered into a license agreement with Foster Wheeler North America Corp, a subsidiary of Foster Wheeler’s Global Power Group, USA, BGR Energy said in a filing to the Bombay Stock Exchange.

The licence agreement grants to BGR boilers an exclusive licence and rights for the Indian market to design, manufacture and sell sub-critical coal fired steam generators (boilers), super-critical coal fired steam generators (boilers), the filing added.

“This partnership with Foster Wheeler to manufacture coal boilers will increase the value of in-house contribution in our EPC projects as well as offer quality products of world repute to the Indian customers,” said BGR Energy Systems Chairman and Managing Director B G Raghupathy.

The licence agreement is subject to approval of the government of India.Foster Wheeler North America is a global engineering and construction contractor and power equipment supplier.