Gujarat Chief Minister Narendra Modi on Saturday laid the foundation stone of the facility, which would manufacture 300-800 MW subcritical and supercritical equipment with an annual capacity of 5,000 MW, the company said in a statement.

Mundra SEZ of Mundra Port and Special Economic Zone (SEZ) has been selected by Alstom-Bharat Forge to set up the facility, Alstom, the global leader in equipment and services for power, said in a separate statement. “The Alstom-Bharat Forge partnership paves the way for making India a hub for advanced power equipment manufacturing,” Alstom Power Thermal Products Senior Vice President Guy Chardon said. This Rs 2,400-crore Alstom-Bharat Forge Project will utilise Mundra Port extensively for moving the project equipment manufactured at the site to prospective customers.

 The arrangement involves setting up of 2 JV companies — one for manufacturing of steam turbines and generators and the other for manufacturing all auxiliaries.