The story
Shanghai Electric has a long history and one of its subsidiaries was established before 1880. Shanghai Electric has achieved a number of breakthroughs since 1949, including the first 6,000 kW fossil-fueled power generating unit, the first cooling gas turbine generator in the world, the first ten-thousand water pressing machine in China, the first 300 MW nuclear power generating unit in China, the first large ship-use crankshaft in China, and the first 1,000 MW ultra super-critical fossil-fueled power generating units in China.
On April 28, 2005, Shanghai Electric listed on the Hong Kong Stock Exchange. On December 5, 2008, the group was listed on the Shanghai Stock Exchange.
In October 2010, Shanghai Electric and Reliance Power of India signed a US$8.3 billion agreement for Shanghai Electric to supply 36 coal-fired thermal power generation units to Reliance over the subsequent three years.
In April 2011 Shanghai Electric and Alstom agreed to combine their power plant boiler divisions into a new joint-venture company called Alstom-Shanghai Electric Boilers Co. In June 2011, Shanghai Electric announced plans to invest RMB 1 billion in a joint venture with Shanghai Municipal Electric Power Company, with each to hold a 50% stake.
In September 2011, Shanghai Electric signed a cooperation agreement with CESC to collaborate on the construction of coal-based power stations in India.
From Wikipedia’s article on Shanghai Electric, shared under CC BY-SA 4.0.4