BHEL may collaborate with Bharat Forge, Areva in new venture

Bharat Heavy Electricals (BHEL) might join the consortium of Areva and Bharat Forge for its proposed nuclear forging business

Areva and Bharat Forge have already signed a memorandum of understanding (MoU) to form a joint venture.

BHEL plans to invest around Rs 5 billion in its forging and casting business.

Bharat Forge and Areva are currently examining various locations in India to establish the new facility. The proposed facility is expected to be operational by 2012.