Bharat Forge to invest Rs 350cr

 The MoU was signed today by V K Jairath, principal secretary (industries), government of Maharashtra and B N Kalyani, chairman and managing director, Bharat Forge, in the presence of Maharashtra chief minister Vilasrao Deshmukh, Ashok Chavan, minister for industries,  Johny Joseph, chief secretary.

 The company will invest Rs 350 cr for setting up a forging capacity of 30,000 tonne per annum, which will manufacture large crankshafts for marine and power, landing gear, engine and structural parts for aircrafts and helicopters, connecting rods for locomotive and equalizer bars and spindles and other heavy products for construction machines.