Date:08/02/2008 URL: http://www.thehindu.com/2008/02/08/stories/2008020859392100.htm

Business - Briefly

NTPC, Bharat Forge to set up JV

NEW DELHI: NTPC on Thursday signed an MoU with Bharat Forge to set up a manufacturing unit for components for power plants at an investment of Rs. 3,000 crore. The joint venture will manufacture castings and forgings for power plants, NTPC Chairman and Managing Director T. Sankaralingam told reporters here.

The proposed JV would start operations within 15 months of incorporation, he added.