Bharat Forge plans to invest over Rs.400 crore for setting up a manufacturing unit at an undecided location . The new facility will be for larger products, sub-assemblies and value-added products.

The company is currently doubling the forging capacity at its Pune unit to 2.5 lakh tpa which is  likely to complete by March 2006.  

Bharat Forge is also planning to set up development centres in Europe, North America and China for product design and development and the China unit is expected to have an equal size to the Indian centre. The company which has facilities in foreign location expects to have a capacity of 6 lakh tpa after the expansion.

The company's engineering development centre in India has around 50 engineers and it is opening such centres at off-shore locations as well.

The last acquisition by the company was in December 2005, when it signed a joint venture contract with China's Faw Group to acquire its forging business. To facilitate its global expansion plans, the company has raised $100 million through GDR and $120 million through FCCBs in April 2005.

Also See:

Bharat Forge in expansion mode (28-Jul-05)