Auto component maker Bharat Forge is going to form an energy joint venture with one of the companies of Europe-based Alstom Group. The two companies would sign the JV agreement on November 10. The JV is expected to set up a manufacturing facility with an annual production capacity of 5,000 MW.
The group company will join hands with Bharat Forge to produce high-value, super-critical turbine/generator sets for thermal and nuclear power plants. Initially, the European arm of Alstom would produce equipment for thermal plants and provide nuclear power generation equipment later when the sector opens up in the country.
When ready, the JV is expected to give a big boost to the country's power generation capacity. In the 11th Five Year Plan (2007-2012), a capacity of around 92,000 MW is to be added.
crackcrack| Company Name | CMP |
|---|---|
| Bharat Forge | 1761.70 |
| Ramkrishna Forgings | 533.20 |
| MM Forgings | 434.70 |
| Happy Forgings | 1295.85 |
| Balu Forge Industrie | 458.25 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: