Bharat Forge-NTPC JV called Bharat Forge NTPC Energy Systems which finally has been finalised, is now scouting for a location in Maharashtra, which it expects to finalise in the next couple of months.Bharat Forge and NTPC have a participation of 51:49 in the new venture.
Chairman and MD, Bharat Forge told shareholders at the company’s 47th annual general meeting that should the Indo-US nuclear deal go through, Bharat Forge will be “one of the prime suppliers” for nuclear power plants since forgings comprise 60-70% of a nuclear reactor.
Read more in The Economic Times article.
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