Corporate Announcement
Security Code : 507410    Company : WALCHANNAG    
 
Joint Venture Agreement between WIL and Atomenergomash (AEM)and Atomstroyexport (ASE), Russia 
  Exchange Disseminated Time     
Walchandnagar Industries Ltd (WIL) has informed BSE that the Company exploring opportunities to enter into a Joint Venture Arrangement with Atomenergomash (AEM), Open Joint Stock Company and Atomstroyexport (ASE), Joint Stock Company, Russia to jointly explore & evaluate various business opportunities in the field of manufacture & supply of components for nuclear power projects. A Memorandum of Understanding (MoU) to this effect has already been signed and the details of the Joint Venture Agreement are presently being worked out. The announcement to this effect was made by Mr. J. L. Deshmukh, Managing Director & CEO of WIL.
 

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