Bharat Forge Ltd (BFL), the flagship company of the $2.4-billion Kalyani Group, is set to enter the wind energy business. ?We are now at a stage of having our own wind energy business. There have been some installations in Europe. The company will supply critical components for wind turbines for Tata Power’s upcoming power plants in Maharashtra,? Baba Kalyani, CMD, Bharat Forge said.
The company will be supplying 1.5 mw wind turbines for Tata Power’s upcoming 10 mw power plant to at Satara. ?Installation work will begin next month. This is a beginning and we will consider other opportunities in the energy sector as well,? Kalyani said. The company’s client base in the renewable energy sector includes GE and Siemens. In the thermal energy sector, BFL works with BHEL and in oil and gas with clients such as Cameroon and FMC.
?The company is seeking opportunities in the non-auto sectors as well and the shift is happening in a seamless fashion. We are developing capability to get into any sector what we want. The company’s Mundhwa plant for the non-automotive components will be the building block for the company’s non-auto strategy and further into capital goods,? Kalyani said.
?We have signed a pact with Alstom for power equipment for a 5,000 mw power plant and tied up with Areva for making large forgings and castings and nuclear equipment,? he said.