Bharat Forge is planning to enter into the field of green energy. The auto components company is planning to invest in renewable energy space which would include field like solar energy and biomass energy.

The company is now planning to diversify from its core business and is expanding in other fields. Talking about the organic growth, Amit Kalyani, Executive Director, Bharat Forge told a private news agency, Reuters that the solar energy marketing is the next big thing. The company is planning to start the production with 20-30 MW as capacity and later on move over to 100 MW.

Bharat Forge has already decided upon the sites where it would be starting its projects. These sites are going to be across India.

Besides this, it is also entering into the biomass energy segment. As per Kalyani, the company has sent its proposals to many cities, but as of now, nothing has been finalized.

It has also strengthened its position in the upcoming field of nuclear energy in India. It has a JV with France's Areva and is looking forward to produce heavy forgings. The details of the deal are being worked out.