NUCLEAR: Ansaldo, GB to set up Rs 100-cr boiler unit

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Ansaldo, a boiler manufacturer, in partnership with GB Engineering Enterprises (GB) is planning to set up a manufacturing facility at with an initial investment of US$25m. The facility will have a capacity of 7,000T or equivalent for super critical equipment and is likely to cater to Ansaldo, which services companies such as NTPC, NLC and other power majors. In September, engineering and construction company Gammon India announced the acquisition of a 50 per cent stake in Sofinter Spa, the holding company of Ansaldo Caldaie. ACBI undertakes jobs for building power projects in India. It gets designs from Ansaldo in Italy and outsources manufacturing to GB Engineering. GB Engineering Enterprises, established in 1980, is a manufacturer of boilers, boiler components, pressure vessels, heat exchangers, nuclear steam generator components and structurals for a range of industries.