Bharat Forge on Monday jumped 8.72 per cent to close at Rs 272.30 after the NSG’s approval for the Indo-US nuclear deal. The deal is expected to help the company as it plans to set up a nuclear power equipment manufacturing unit.
The company may enter into a $500 million joint venture with Alstom Power to produce high-value, super-critical turbine/generator sets with an estimated capacity of 5,000 MW per annum. The stock hit an intraday high of Rs 257.75 and a low of Rs 247, with trading volumes of 1,34,271 shares.