In early April 2011, Dodsal Group signed an MoU with Atomenergomash (AEM), a Russian heavy equipment engineering company that specializes in the fields of Nuclear and Conventional energy, to establish a business relationship and pursue joint commercial activities in India.
With an initial investment of USD 150 million, Dodsal Group and AEM will set up a manufacturing plant to supply power equipment for Nuclear Power Projects (NPP), Thermal Power Projects (TPP) and the Oil & Gas industry. The joint activities take into account the bilateral agreements and international obligations of the Russian Federation and the Republic of India and both parties have targeted start-up of commercial production by 1st quarter 2013.
Over 47 countries around the world have adopted nuclear power as a viable clean energy alternative that can help the world's economies break free from their crippling dependence on fossil fuels. With India's ambitious plans for higher nuclear power generation, Dodsal and AEM are perfectly poised to be the catalysts that will bring the country's plans to fruition with Dodsal's impeccable reputation for excellence, eclipsed only by their own unrelenting stance on safety procedures and clearances on all Dodsal projects.