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.
Bharat Forge plans to set up around 10,000 MW of power generation capacity over the next 10 years. Bharat Forge, whose core business is manufacturing engine, transmission and chassis components for automotive use, has about 11 plants globally. It is also makes parts for marine, aerospace, construction equipment and railway applications. The company expects nearly 40 per cent of its sales to come from the non-automotive business by 2011-12.crackcrack