Bharat Forge teams up with UK-based firm for gear boxes

Forging giant Bharat Forge Ltd, (Bharat Forge) through its wholly owned subsidiary, BF Infrastructure Ventures Limited (BFIVL) and UK based gear boxes manufacturer David Brown Group has formed a joint venture (JV) company 'David Brown Bharat Forge Gear Systems India Limited.' Under this JV, both the companies are investing Rs 29 crore for the production of gear boxes for various industries. The JV will serve the Indian heavy engineering industry, supplying both new build gearboxes and aftermarket services the sectors including power, mining, defence, wind, rail and steel.

The companies will have a 50:50 equity partnership in the JV. David Brown is a global leader in the gearbox and transmissions markets. The JV will focus on new build & aftermarket opportunities in India. The company will serve the Indian conventional power, wind, rail, cement, metals, rubber, mining, hydro, defence and aftermarket industries initially.crackcrack