RailEnquiry

Pune based Bharat Forge is targeting to get 60% of its revenue from the non-automotive business, especially power, oil and gas and railways.Mr Amit Kalyani executive director of Bharat Forge said the company was in talks with all major foreign players in the railway sector for a possible partnership to tap potential business in Indian Railways.Mr Amit Kalyani son of group promoter Baba Kalyani, looks after strategy and finance in the company and is part of the group’s core management team. Speaking to Business Standard said that when the company forayed into the non-automotive business about eight years back, it was less than five per cent of the company’s sales. But this very same segment gave INR 1,500 crore in revenue last year.Besides power, oil and gas, and railways, non automotive business comprises general, marine and aerospace engineering, construction and mining equipment, and defence. It is currently 40% of Bharat Forge’s revenue but is expected to grow to 60%. He said that “We understand metallurgy, forging and design engineering and systems and quality and we have used these skills by working with our customers to create products and solutions to meet their needs. And that’s how we have grown our business.”The company recently bagged its first railway order of crankshafts for locomotives. These would be manufactured at the Baramati (Maharashtra) plant where between forging and machinery, the company has invested INR 200 crore to INR 250 crore. This facility would be used for manufacturing components for railways as well as big marine engines.Kalyani said that “Our strategy was to prove to the Indian Railways that an Indian company can do it right the first time and do it well. Using this breakthrough, we want to broaden our product portfolio, deepen it and work a lot more with the Railways. We are focusing on creating a technology product solution strategy to support Indian Railways.”