Auto component-maker Bharat Forge on Monday completed the first phase of its foray into the non-automotive sector by commissioning a fully integrated ring rolling facility.
The new facility can make rings up to a maximum diameter of 4.5 metres, maximum height of up to 500 mm and maximum weight of up to 3 tonnes.
These rings will primarily cater to sectors such as wind energy, defense, oil and gas, mining, material handling equipment and bearing industries.
“The company will invest around Rs. 1,500 crore in the second phase to expand the non-automotive business and set up some production facilities that will manufacture heavy forgings, crankshaft and rotors that will be needed in nuclear plants,” company Chairman and Managing Director Baba N. Kalyani told reporters here.