Bharat Forge rises as its joint venture inks contract with NTPC

Bharat Forge Ltd. | Forgings | Automobiles | BSE: 500493 | NSE: BHARATFORG

08 Jun 2016 Evaluate

Bharat Forge is currently trading at Rs. 768.50, up by 19.75 points or 2.64% from its previous closing of Rs. 748.75 on the BSE.

The scrip opened at Rs. 758.50 and has touched a high and low of Rs. 773.00 and Rs. 758.50 respectively. So far 51,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1292.50 on 20-Aug-2015 and a 52 week low of Rs. 705.00 on 24-May-2016.

Last one week high and low of the scrip stood at Rs. 774.45 and Rs. 737.00 respectively. The current market cap of the company is Rs. 17,868.00 crore.

The promoters holding in the company stood at 46.75%, while Institutions and Non-Institutions held 32.54% and 20.72% respectively.

Alstom Bharat Forge Power (ABFPPL), the joint venture company between GE and Bharat Forge has signed a contract worth $219 million approximately (Rs 14950 approx.) with NTPC. The Company will supply two units of 800 MW ultra-supercritical Steam Turbine Generator Islands, on EPC basis, along with related civil work for the Telangana Super Thermal Power Project Phase-1 near Ramagundam, Karimnagar district of Telangana State, India.

The total power demand from the southern region is 34,000 MW. The 800MW Steam Turbine Generator Islands for the power plant will be the first with ultra-supercritical parameters and will help in meeting the ever increasing power demand of southern states in India by adding a much needed 1600 MW to the electricity grid.

Under the scope of the contract, ABFPPL will manufacture and supply two units of 800 MW Steam Turbine Generator Islands along with the associated civil work. The equipment for the project will be manufactured majorly at ABFPL's state-of-the-art manufacturing facility at Sanand in Gujarat.

Alstom Bharat Forge Power is engaged in manufacturing services of turbine and generator. Its services include designing, engineering and manufacturing turbine and generator. Alstom Bharat Forge Power Ltd. formed as a joint venture between Alstom SA and Bharat Forge.

Bharat Forge Share Price

1877.35 3.10 (0.17%)

07-May-2026 12:43 View Price Chart

Peers

Company Name	CMP
Bharat Forge	1877.35
Ramkrishna Forgings	626.05
MM Forgings	503.40
Happy Forgings	1385.00
Balu Forge Industrie	558.50
View more..

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