BHEL in pact with the UK's Sheffield Forgemasters to make nuclear forgings
02 April 2009
State-run Bharat Heavy Electricals Ltd (BHEL) has signed a technology transfer deal with the world's largest independently owned forgemaster, the UK-based Sheffield Forgemasters to manufacture nuclear forgings.
The 10-year deal will see Sheffield Forgemasters using its expertise to oversee the construction of new steel-making and forging facilities for hydro, nuclear and thermal power components in India.
BHEL, in turn, will buy Sheffield Forgemasters' technology durimg the deal period for a royalty on sales of these products.
In January, BHEL CMD, K Ravi Kumar had said that the company was looking at a joint venture with a European firm for manufacturing nuclear forgings to buy technology, without disclosing the identity of the company. (See: BHEL to form JV with European firm for manufacturing nuclear forgings)
Earlier in December, he had said that BHEL and its joint venture partner Nuclear Power Corporation of India were in talks with Japanese and European companies for a casting and forgings plant under a joint venture and was also in the process of entering the field of nuclear reactors. It already has a . (See: BHEL-NPCIL joint venture finalising technology partner)
With the signing of the Indo-US nuclear deal, India is looking to enhance its nuclear power generation capacity by building more reactors and to meet its requirement of 700-800 nuclear forgings, experts say that India will require a minimum of two or three manufacturing plants as China, whose nuclear industry is growing at a rapid pace already has five large nuclear forging plants.