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Bharat Forge Limited has approved the divestment of its 49% stake in Alstom Bharat Forge Power Private Limited (ABFPL) to Alstom for US$35 million. The JV was formed in 2009.
GE India Industrial Private Ltd. agreed to acquire a 49% stake in ALSTOM Bharat Forge Power Limited from Bharat Forge Limited for $35 million.