UPDATE 2-SPX, India's Thermax in JV for pollution control


* Targets air pollution control for power plants above 300 MW * Thermax shares rise as much as 3.1 pct, outperform mkt (Adds quotes, share movement, byline) By Ketan Bondre PUNE, India, Aug 26 (Reuters) - Diversified U.S. manufacturer SPX Corp and Indian engineering firm Thermax Ltd will jointly make air pollution control systems in India, in a venture that could bring in annual revenues of up to $100 million in five to 10 years. Shares of Thermax extended gains to as much as 3.1 ...

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