Bharat Forge will invest US$421 million in its joint venture with NTPC.
The plans are expected to be finalised by March-April. The company has already secured 100 acres of land in Sholapur to set up a plant with a capacity of 60,000 to 70,000 tonnes per annum.
“The Bharat Forge NTPC JV is currently looking for technology partners for manufacturing high pressure pipes, pumps and valves, which are used in thermal power plants,” said Bharat Forge Chief Operating Officer Sunil Chaturvedi.
Under the NTPC joint venture the company may have three to four more joint ventures with those technology partners.
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