Bharat Forge to enter Capital Good Sector with NTPC

• Author: admin
• Filed under: Capital Good Sector
• Date: Feb 9,2008

Bharat Forge Ltd has announced the market that the company is eager to enter into capital good sector and fro that they have signed a Memorandum of Understanding (MOU) with NTPC Ltd, to set up a Joint Venture Company for its foray into the Capital Goods sector.The Joint Venture will initially be engaged in manufacturing forgings, castings, casings, fittings and high pressure piping’s required for Power and other industries, Balance of Plant (BOP) equipment for the power sector etc. and will induct techn1ogy related strategic partners where ever needed. The Company would also manufacture other power plant equipments & machinery, in due course.