Power equipment major Bharat Heavy Electricals on Tuesday inked a memorandum of understanding with Kerala Electrical & Allied Engineering Company Ltd for setting up a joint venture to focus on core sectors like railways, industries and renewable energy and supply products to engineering giants? Siemens and General Electric. The 50:50 JV is expected to generate a turnover of Rs 60 crore in 2009-10. ? Bhel will provide necessary technical and managerial support to the joint venture,? Bhel CMD K Ravi Kumar said after signing the MoU with Kerala government-run KEL in the presence of minister for heavy industries and public enterprises Santosh Mohan Dev and minister of state for commerce and power Jairam Ramesh.