Bharat Forge, NTPC begin construction of JV plant

Union Minister for Power Sushil Kumar Shinde laid the foundation stone of the project, BF-NTPC Energy Systems Limited (BFNESL) that is aimed at primarily serving the power sector with a technology-intensive product range that will have wider applications across other sectors such as oil and gas, petrochemicals, and steel and mining.

The products include advanced class pumps high pressure piping, castings, forgings and other critical equipment involving high-end engineering and state-of-the-art manufacturing processes, a press release from the company said.

According to it, India currently faces considerable supply constraints and has significant dependence on overseas sources for such advanced technology products.

Union Minister of State for Power Bharatsinh Solanki and Power Secretary H S Brahma were amongst those present on the occasion.

Speaking on the occasion, Mr Shinde said the growing demand for power in the country could be only met by ramping up indigenous manufacturing capacities quickly and by infusing superior technology in generation, transmission and distribution.

"It is heartening to see two world-class Indian companies joining hands to address challenges in India’s march towards 'Power for All'," he said.growth plans.

"Through BFNESL, we are committed to address these constraints by manufacturing and supplying state-of-the-art technology-driven products and systems. This will reduce India’s dependence on imports and ensure timely and cost competitive availability of these products indigenously," he said.

"While Bharat Forge’s strengths in metal forming, manufacturing, engineering and marketing shall be extensively utilized, NTPC’s world-class experience in project management and operations shall be made available to the JV to quickly meet market challenges," NTPC Chairman and Managing Director R. S. Sharma said.

Being set up in area of about 100 acres, the new plant will have world-class manufacturing, fabrication, assembly and testing facilities for the product lines and also field services.

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Manufacturing and metal forming major Bharat Forge Limited and India's largest power generation company NTPC Limited began construction of their joint venture manufacturing plant here today.

Union Minister for Power Sushil Kumar Shinde laid the foundation stone of the project, BF-NTPC Energy Systems Limited (BFNESL) that is aimed at primarily serving the power sector with a technology-intensive product range that will have wider applications across other sectors such as oil and gas, petrochemicals, and steel and mining.

The products include advanced class pumps high pressure piping, castings, forgings and other critical equipment involving high-end engineering and state-of-the-art manufacturing processes, a press release from the company said.

According to it, India currently faces considerable supply constraints and has significant dependence on overseas sources for such advanced technology products.

Union Minister of State for Power Bharatsinh Solanki and Power Secretary H S Brahma were amongst those present on the occasion.

Speaking on the occasion, Mr Shinde said the growing demand for power in the country could be only met by ramping up indigenous manufacturing capacities quickly and by infusing superior technology in generation, transmission and distribution.

"It is heartening to see two world-class Indian companies joining hands to address challenges in India’s march towards 'Power for All'," he said.growth plans.

"Through BFNESL, we are committed to address these constraints by manufacturing and supplying state-of-the-art technology-driven products and systems. This will reduce India’s dependence on imports and ensure timely and cost competitive availability of these products indigenously," he said.

"While Bharat Forge’s strengths in metal forming, manufacturing, engineering and marketing shall be extensively utilized, NTPC’s world-class experience in project management and operations shall be made available to the JV to quickly meet market challenges," NTPC Chairman and Managing Director R. S. Sharma said.

Being set up in area of about 100 acres, the new plant will have world-class manufacturing, fabrication, assembly and testing facilities for the product lines and also field services.

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