NTPC Enters Into Power Tools Market

New Delhi: NTPC will diversify into equipment manufacturing, with the board giving the go ahead for an alliance with Bharat Forge, India''s largest forging company. NTPC is positioning itself in such a way that it becomes a source of raw materials used for making the equipment and for supplying the main equipment. The entry is a part of the company''s strategy to decrease the shortages of power equipment in the country, which is hampering the addition of power generation capacity in the country. NTPC, which has an installed capacity of 27,904 mw and produces one-third of the country''s electricity, mulls to increase its capacity to over 50,000 mw in the next five years. It is a challenging task when there is a severe shortage of all kind of equipment with BHEL, the country''s leading power equipment major, unable to meet the burgeoning demand.