NSG push to nuclear deal propels Bharat Forge

DALAL STREET SPIKES

Bharat Forge on Monday jumped 8.72 per cent to close at Rs 272.30 after the NSG’s approval for the Indo-US nuclear deal. The deal is expected to help the company as it plans to set up a nuclear power equipment manufacturing unit.

The company may enter into a $500 million joint venture with Alstom Power to produce high-value, super-critical turbine/generator sets with an estimated capacity of 5,000 MW per annum. The stock hit an intraday high of Rs 257.75 and a low of Rs 247, with trading volumes of 1,34,271 shares.