Bharat Forge-Alstom JV to Secure Financing
October 25, 2011
The joint venture between French power company Alstom and India’s Bharat Forge reported by FORGE in December 2009 seems to be on track. A source reported that the JV plans to sign a loan agreement next month for $271 million. At least seven financial institutions are reportedly involved in the 12-year loan deal, led by Indian institutions Axis Bank and ICICI Bank.