Bharat to start constructing nuclear forgings plant

Bharat Forge is fast-tracking plans with Areva for the construction of nuclear forgings plant this month. 

The framework for its nuclear power plant forgings facility is expected to be discussed during the ongoing visit of French President Nicholas Sarkozy and his delegation in India. The company will then begin construction of the facility by end of this month.

Angel Broking research analyst Vaishali Jajoo says, “As per the indications given by Bharat Forge management, its margins are expected to improve in the coming few years with the share of non-auto business like power going up in the overall revenues.”