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.