Bharat Forge Ltd, a Kalyani Group company with diverse business interests, is now aiming to get into coal mining and, subsequently, the power generation business. It is currently evaluating a few such mines in Mozambique, Indonesia and South Africa, which may then be purchased and developed for captive use.
The company, already a maker of power equipment, hopes to enter the power generation business shortly. The company is studying a few sites in Mozambique, Indonesia and South Africa and is expected to finalise around two mines. Currently, it is studying coal samples taken from the mines and is also hiring professionals for this new business interest.