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Saraswati Industrial Syndicate Joint Venture Proposal with Hitachi Zosen Corporation, Japan

Saraswati Industrial Syndicate is proposing to set up a Joint Venture Company along with Hitachi Zosen Corporation, Japan, and the discussions are underway. The shareholding pattern is likely to be 51:49 between the Company and Hitachi Zosen Corporation.The Joint Venture Company will use the manufacturing facilities owned by the Company at Dahej to manufacture large capacity Pressure Vessels.

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