Bharat Forge Limited (BFL), the second largest forging company in the World and part of Kalyani Group – a US $ 2.4 billion conglomerate, intends to setup a joint venture company with Europe-based Alstom Group, for manufacturing state-of-the-art supercritical power plant equipment in India.
Alstom is a global leader in power generation and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. The firm provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, gas, coal, nuclear energy.
The arrangement between Alstom and Bharat Forge involves setting up of two companies. The alliance would setup first JV Company for manufacturing of core turbine and generators while the other for manufacturing of all the auxiliaries.
The proposed Joint Venture will design, engineer, manufacture and deliver turbine and
Generator Island of 600-800 MW supercritical range with a total installed capacity of 5 GW per annum.
In addition, both the partners have also agreed to explore manufacturing of turbines and
generators in sub-critical range as well as for gas and nuclear applications.
In a press release, both companies jointly stated that they would disclose other information regarding proposed JV such as the manufacturing program, investment size and location, etc. only after getting necessary regulatory approvals in India and Europe.