Bharat Forge-Alstom Venture Said to Plan to Sign 12-Year Loan

A joint venture between Bharat Forge Ltd. (BHFC), an Indian maker of steel parts, and Alstom SA, the French maker of power equipment, plans to sign a 13.5 billion rupee ($271 million) loan next month, according to a person familiar with the matter.

The 12-year loan is being arranged and underwritten by Axis Bank Ltd. (AXSB) and ICICI Bank Ltd., the person said, asking not to be identified as the matter is private.

Bank of India (BOI), Canara Bank, Export-Import Bank of India, Indian Bank and Oriental Bank of Commerce also participated in the syndication, the person said.

To contact the reporter on this story: Anurag Joshi in Mumbai at

To contact the editor responsible for this story: Shelley Smith at

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.