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NTPC and Bharat Forge are scouting for a third partner in their joint
venture for manufacturing power equipment. BFL-NTPC is looking for a third
partner-a technology provider for the joint venture.
NTPC and Bharat Forge Ltd had formed a joint venture company BF-NTPC Energy
Systems Ltd in 2008, for manufacturing castings, forgings, fittings and
equipment for sectors like pertrochemicals, oil and gas, steel and mining
apart from power. The JV has set up a manufacturing unit at Solapur in
Maharashtra. Bharat Forge holds 51 per cent stake in the joint venture and
the balance 49 per cent is held by NTPC.
Bharat Forge is the flagship company of the $2.4-billion Kalyani Group and
is engaged in the manufacturing of equipment for the infrastructure sector.
Meanwhile, NTPC has another joint venture company with state-run BHEL for
carrying out EPC (engineering, procurement and construction) contracts for
the power projects.
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