Bharat Forge, over the years has achieved its objective of creating a strong global leadership position in the automotive sector for safety & critical engine & chassis components. The company is now looking at strategically expanding its horizon into high value, high growth sectors such as Power, Oil & Gas, Rail & Marine, Aerospace and Construction & Mining.

These are high growth areas, which are seeing tremendous demand due to new investments from developing markets & replacement investments from developed markets. Bharat Forge will be servicing these global opportunities and has already developed deep engagements with some of the leading customers in these sectors. Bharat Forge will use its strong platform of metallurgical knowledge, design & engineering capability and manufacturing prowess, to create a strong position for itself in these sectors.

'Expanding into new horizons' will give Bharat Forge a completely new growth perspective. It will begin the transformation of the company from an auto component supplier to an engineering & capital goods company with diverse complementary businesses in new high growth sectors.

Underlying this transformation is the company's USP of 'Innovative Indian Engineering' coupled with 'World Class Manufacturing Capabilities'. The company has definite plans for comprehensive foray into five strategically chosen verticals:

The Power business unit would manufacture critical components for Thermal, Wind, Hydro and Nuclear applications. The primary product focus would be on Windmill shafts, turbine rotors and blades, retaining rings and gas engine components.

The Oil & Gas business unit aims to be a global player in the upstream equipment market. The primary product focus would be on valves, drill bits, surface flow and sub-sea equipments.

The Railways business unit would be a leading manufacturer of wheel sets, truck frames and locomotives components in India with sales across geographies. We aim to be one of the top 3 railway component suppliers in the world over the next decade.

The Marine business unit will be supplying various products to global ship builders. Key products include crankshafts, connecting rods and propeller shafts.

The Aerospace business unit plans to be a leading supplier of various components - airframe, structural and engine parts for the aviation sector.

NON-AUTOMOTIVE MANUFACTURING SET-UP: