Bharat Forge signs MoU with Areva

Bharat Forge Ltd and Areva have signed a Memorandum of Understanding (MoU) to set up a Joint Venture (JV) to build a manufacturing facility for heavy forgings in India. Manufacture of non-automotive forgings, including for power sector applications, is a major growth area for Bharat Forge. Heavy forgings manufactured by the JV would primarily meet indigenous requirements of power generation sector, including manufacture of turbines, generator rotors, steel plant rolls etc. and also of new nuclear power plants in the country. Bharat Forge and Areva are presently evaluating various locations in the Country to set up the new facility. The plant is expected to become operational by 2012. The JV will have a 14,000tn open die forging press with associated equipment and an integrated steel making facility.
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