It's All About Power
NTPC and Bharat Forge Ltd (BFL) formed a joint venture company BF-NTPC Energy Systems Ltd. to establish a manufacturing facility for castings, forgings, fittings, balance of plant equipment for power projects. They want for a third technology provider to serve sectors like pertrochemicals, oil and gas, steel and mining apart from power.
Bharat Forge (belongs to Kalayani Group a US$2.4million) holds 51 per cent stake in the joint venture and remaining 49 per cent is held by NTPC (a government of India company). The manufacturing facility of the company is being set up at Solapur in Maharashtra.
NTPC also has another joint venture with state-run BHEL for carrying out EPC (engineering, procurement and construction) contracts for the power projects.
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