Bharat Forge Limited, a homegrown auto components giant, announced the re-appointment of Amit Kalyani as Vice Chairman and Joint Managing Director of the company, with effect from May 11, 2024. According to the company’s exchange filing, “This is to inform you that upon the recommendations of the Nomination & Remuneration Committee, the Board of Directors…
Bharat Forge Limited announced that J S Auto Cast Foundry India Private Limited (JS Auto), its step-down subsidiary has entered into Business Transfer Agreement with Indo Shell Mould Limited (ISML) for acquiring their SEZ Unit in SIPCOT, Erode. The SEZ Unit with a capacity of 42,000 MTPA, supplies fully machined critical castings to marquee customers…
Bharat Forge Limited, along with its subsidiary, BF Industrial Solutions Limited (together referred to as “Bharat Forge”) announced that it has successfully completed the previously announced acquisition of JS Autocast Foundry India Private Limited (JS Auto). The Enterprise Value of the transaction is Rs 489.63 Crores. This acquisition significantly enhances our capabilities and addressable market…
Bharat Forge Limited announced the appointment of Kanwar Bir Singh Anand and Sonia Singh as Additional Independent Directors of the company, with effect from June 27, 2022. According to the company’s exchange filing, “the Board of Directors of the Company, by way of circular resolution passed on June 21, 2022, has appointed Mr. Kanwar Bir…
Bharat Forge Limited, the Pune based Indian multinational, announced that it has entered into a definitive agreement to acquire JS Autocast Foundry India Private Limited (“JS Auto”). Established in 2004, JS Auto is a leading and a preferred supplier of critical machined Ductile Iron castings for the Wind, Hydraulic, Off-Highway and Automotive applications, the statement…
Bharat Forge announced it has acquired Sanghvi Forging and Engineering Ltd.(SFEL) for Rs 90 crores. The acquisition has been completed on June 28, 2021. “In this regard, we wish to inform you that in accordance with the NCLT order dated April 26, 2021 and in terms of the approved Resolution Plan, the Company has fully…
Global Aerospace and Technology company Paramount Group and India based Engineering & Technology conglomerate Bharat Forge Limited, announced a cooperation that will see them join the technologies, capabilities and expertise of both groups in order to manufacture Armoured Vehicles in India. An agreement to this effect was signed by both companies during the International Defence…
Ratan Tata would be investing in Pune-based e-bike startup Tork Motors. Tork Motors is an electric vehicle and charging infrastructure manufacturing venture. The company was founded by Kapil Shelke in 2010. The company is due for the commercial launch of T6X, its flagship offering. With this launch, Tork T6X will be India’s first electric performance…