Engineering Major Doosan Acquired Power Company AE&E

South Korean engineering major Doosan in January 2011 acquired the Chennai works of Austrian power company AE&E. Doosan Heavy Industries and Construction Company had been lately securing several orders from India and hence the Korean company wanted a manufacturing base in India. The acquisition will enable Doosan achieve its objective and get a manufacturing base in the growing Indian market for power plant boilers. Doosan won the first Indian order for a supercritical boiler for NTPC's Sipat project (3x660 MW) in 2004. In 2007, Tata Power selected Doosan to supply five supercritical boilers of 800 MW eachand in 2010 Doosan bagged a $1 billion order from GMR Energy for building the Raipur-Chhattisgarh thermal power plant.

AE&E plant belonged to Deutsche Babcock initially and was later taken over by Austrian Energy. In 2010 AE&E had secured its first order, for the supply of six CFBC-type boilers of 150 MW each, from the Essar group for the Salaya III project.