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| Bharat Forge rides on the nuclear bandwagon |
| BS Reporter / Mumbai Dec 08, 2009, 15:55 IST |
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Bharat Forge ended at Rs 269, higher by Rs 3 or 1.2%, on the BSE. The stock opened at Rs 265, and touched a high of Rs 272 and a low of Rs 264 during the day.
A total of 75,601 shares were traded on the BSE as against the two-week average of 192,308 shares.
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(Updated at 1146am)
Bharat Forge has moved up as it is reportedly in talks with GE Hitachi for supplying nuclear power components. The stock is trading at Rs 269, higher by Rs 3.75 or 1.4%, on the BSE. It had opened at Rs 265 and has touched a high of Rs 272 and a low of Rs 264 thus far.
Hoping to get the US government's nod to go ahead with its business in India, GE Hitachi has begun talks with domestic companies like BHEL, Bharat Forge and Larsen & Toubro for making atomic power equipment.
"We are talking to several vendors -- BHEL, Bharat Forge and L&T for manufacturing castings and forgings for the nuclear power plants," according to GE Hitachi Senior Vice-President (Nuclear Plant Projects) Daniel L.Roderick.
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