Bharat Forge and NTPC have formed a 51:49 JV, called Bharat Forge NTPC Energy Systems. The JV will manufacture auxiliaries for a power plant, which account for Rs. 1 crore per MW. With GoI's intention of installing 20,000 MW, there is considerable business.
According to Chairman and MD BN Kalyani, if the Indo-US nuclear deal goes through, Bharat Forge will be one of the prime suppliers for nuclear power plants, since forgings comprise 60-70% of a nuclear reactor. It will set up a 15,000-tonne press at a coastal location for the manufacture of a 500-tonne single forgings piece, which is needed for the power sector. The company will finalise the location by December 2008, and delivery of equipments would start within 3 years.
According to Chairman and MD BN Kalyani, if the Indo-US nuclear deal goes through, Bharat Forge will be one of the prime suppliers for nuclear power plants, since forgings comprise 60-70% of a nuclear reactor. It will set up a 15,000-tonne press at a coastal location for the manufacture of a 500-tonne single forgings piece, which is needed for the power sector. The company will finalise the location by December 2008, and delivery of equipments would start within 3 years.
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