1. Home
  2. >

Proposal for Alstom & Bharat Forge JV approved


The Cabinet Committee on Economic Affairs has given its approval to the proposal of M/s. Alstom Power Holdings SA, France, M/s. Alstom Technology Ltd., Switzerland and Alstom SA, France as recommended by FIPB.
The proposal is to establish two Joint Venture companies in India with M/s. Bharat Forge Limited and / or its affiliate companies and to invest Euro 70.5 million (Rs.490 crore approximately) for manufacture of state-of-art super critical and sub-critical power plant equipment in India directly and / or through their respective associate entities.

Most Popular


Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore


Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

Sept 2020
01 Sep 2020