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India - NTPC forms JV co with Bharat Forge

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National Thermal Power Corporation (NTPC) has formed a joint venture company with Bharat Forge (BFL) on Jun. 19, 2008 under the name `BF-NTPC Energy Systems`.

This company is formed to establish a facility to take up manufacturing of castings, forgings, fittings and high pressure piping required for power projects and other industries, balande of plant (BOP) equipment for the power sector.

NTPC will hold 49% and Bharat Forge will hold 51% of the equity share capital of this company.

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