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Alstom, Bharat Forge JV setting up Rs 2400cr manufacturing plant in Mundra SEZ
Written by Ganesh   
Saturday, 05 December 2009
Chief Minister of Gujarat, Shri. Narendra Modi, laid the foundation stone for the new power equipment manufacturing plant being set up by Bharat Forge Ltd and Alstom, at Mundra in Coastal Gujarat. This facility will be spread over 120 acres at the Mundra SEZ of Mundra Port and Special Economic Zone Ltd.

To begin with, the plant will manufacture 300-800 MW subcritical and supercritical equipments with an annual capacity of 5000 MW. In the future, the JV will also explore possibilities of manufacturing turbines and generators for gas-based plants and nuclear applications.

This would be the largest integrated facility for turbine, generators and auxiliaries manufacturing in the private sector in the country. The project will utilize the Mundra port extensively for moving the project equipments manufactured at the site to prospective customers.

"The Alstom Bharat Forge partnership paves the way for making India a hub for advanced power equipment manufacturing. Both organisations are committed to use their trans-continental strengths and world-class capabilities to deliver an array of advanced class generating equipment in sub and supercritical ranges in India, setting global benchmarks in reliability and efficiency," said Guy Chardon, Senior Vice President, Alstom Power Thermal Products.

At the groundbreaking ceremony, Shri. Narendra Modi assured full State Government support for the national venture. He was accompanied by Saurabh Patel, Minister of State, Finance & Energy, Government of Gujarat.

"The project will provide employment opportunities to several thousand people thereby, richly contributing to the State and national economy and debottlenecking India's march towards 'Power for All'," the companies said in a joint statement.

Both companies had entered into an agreement in November 2008 to set up a joint venture (JV) for power plant equipment manufacturing. The arrangement between Alstom and Bharat Forge involves setting up of two JV companies – one for manufacturing of steam turbine and generators and the other for manufacturing of all the auxiliaries. Alstom will invest in 51% of the post issued paid up share capital of one JV and 49% of post issue paid up share capital of the second JV.

"We are delighted to be partnering with Alstom – a global leader in high technology power equipment manufacturing. Together, we are committed to deliver advanced class power equipment to support a robust expansion of India's power sector, critical for double digit growth of the economy," said B N Kalyani, Chairman and Managing Director, Bharat Forge Ltd.

 
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