At the groundbreaking ceremony, Shri. Narendra Modi, Hon'ble Chief Minister of Gujarat, laid the foundation stone and welcomed the two global manufacturing giants to Gujarat and assured full State Government support for the national venture. He was accompanied by Saurabh Patel, Hon'ble Minister of State, Finance & Energy, Government of Gujarat.

To begin with, the plant will manufacture 300-800 MW sub critical and supercritical equipments with an annual capacity of 5000 MW. In the future, the JV will also explore possibilities of manufacturing turbines and generators for gas-based plants and nuclear applications.

The company made this announcement after the trading hours on 04 December 2009.