Bharat Forge Alstom inks joint venture deal

Bharat Forge Alstom inks joint venture deal


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.