US-based Brighten Equipment Corporation, BEC, has come forward to establish a plant in Visakhapatnam district. Now, The company would manufacture forged steel components for the 'thrid generation nuclear power plants. The company representatives met Chief Minister N Kirankumar Reddy, on Thursday, & discussed about establishment of the plant in Nakkapalli mandalam of the district.

Brighton has planned to invest Rs 2,880 crore in the venture. The state Minister for Heavy Industries J Geeta Reddy said that, the State Government has agreed to allocate 800 acres of land for the plant, to be established in a span of two-and-a-half years. She added that the, proposed plant is estimated to provide direct and indirect employment to about one lakh personnel.

Brighton is to sign a memorandum of understanding with the state government in this regard, within two or three weeks. The proposed factory comprises of four separate facilities of a melt shop, forging shop, machining shop and welding and assembly shop.

Published Date : Friday, 21/1/2011 2:04 PM IST