NTPC-BHEL Power Projects Ltd. (NBPPL) on Saturday signed an agreement with its equal joint venture partners NTPC and BHEL to meet the target of order bookings worth Rs.7,000-crore in the current financial year. NBPPL has been jointly set up by NTPC and BHEL for capacity building in manufacturing of power plant equipment. This signing of MoU was a major initiative taken to ensure fast track growth of NBPPL by providing greater functional autonomy and empowerment in achieving the laid down objectives of the company. It would also help the joint venture partners in achieving financial objectives set in the MoU for the various parameters, an official statement said. The MoU was signed by NTPC Chairman R. S. Sharma, BHEL Chairman and Managing Director B. P. Rao and NBPPL Chairman and Managing Director C. P. Singh.