Bharat Forge To Open Manufacturing Facility In Baramati

Mumbai: Forged and machined components manufacturer Bharat Forge inked a memorandum of understanding with the Maharashtra Government on March 27 for opening a centre for advanced manufacturing facility at Baramati. The centre, spread over 100 acres, will be opened at an investment of Rs 350 crore. With a forging capacity of 30,000 tpa, the plant will manufacture crankshafts for marine and power, landing gear, engine and structural parts for aircraft and helicopters, connecting rods for locomotives and equaliser bars, spindles and other heavy components for machines used in construction activity. The company had a strong global presence and any automobile would have at least two components made by it. The facility was the first major project outside Pune and the company was positive of strengthening Baramati''s position as a fast growing industrial centre.

NTPC Sets Up Joint Venture With Bharat Forge

New Delhi: NTPC Ltd on Feb 7 forayed into a pact with Bharat Forge Ltd to set up a joint venture unit for manufacturing castings and forgings for power plants at an investment of Rs 3,000 crore. According to the source, the proposed venture will commence operations within around 15 months of its inception. NTPC is likely to hold a 49 per cent stake in the new firm.