WPIL Limited, a subsidiary of Hindustan Udyog Group has formed a JV with Clyde pumps, U.K. incorporating Weir Pumps Glasgow to manufacture Boiler feed / concrete Volute and other special pumps for the conventional and super critical power business.

The JV named Clyde Pumps India (P) Ltd will be based in New Delhi and will have its purpose built manufacturing facility in Ghaziabad.

WPIL, Ltd. engages in designing, developing, manufacturing, erecting, commissioning, and servicing pumps. Its products include vertical turbines, mixed and axial flow pumps, submersible pumps, and horizontal splitcase pumps.

The Company would leverage both partners' strengths and technical expertise to be a major player in the power and oil and gas markets. These pumps for the super critical thermal plants are presently not being manufactured in the Country.

The Company has already initiated its activities and expects to establish its manufacturing facility in the next 15-18 months. This JV would also be dominant player in the anticipated Indian Nuclear market.

The scrip of the company closed today at Rs 69 on BSE, up 6% compared with previous close of Rs 65. The total volume of shares traded was 886.