Bharat Forge has entered into a joint venture agreement with Elbit Systems Ltd, an Israeli company, for joint manufacture of artillery, mortars and advanced guns.
Sluggish demand in its key export markets, as well as slowdown in the domestic business led Bharat Forge to turn in below-par September quarter numbers.
Sluggish demand in its key export markets as well as slowdown in the domestic business lead Bharat Forge to turn in below par September quarter numbers.
Forging giant Bharat Forge Ltd's has recorded a drop of 3.4 % in its net profit at 102.8 crore as compare to 106.4 crore last year. The company has also witnessed a decline of 4.7% in revenue at 867.6 crore as compare to Rs 910 cr last year.
The founders of auto components maker Bharat Forge are in talks with private equity firms to sell a $300 million stake in their wind energy firm, Kenersys, two sources familiar with the matter said.
Bharat Forge has dipped about 3% to Rs 302 on reporting 8% year-on-year (yoy) growth in net profit at Rs 105 crore for the quarter ended June 30, 2012 due to higher interest cost and de-growth in Indian automotive industry.
Forging giant Bharat Forge Limited has registered net profit of Rs 105.21 crore for the first quarter of the current financial year 2012-13, showing a growth of 7.99 per cent from Rs 97.42 crore in the corresponding period last year.
Bharat Forge is to liquidate its plant and machinery in America, after continuous losses recorded from the acquired assets seven years after the company bought these.
Alstom Bharat Forge Power Limited (ABFPL), a joint-venture between Bharat Forge Ltd and Alstom, has bagged Rs 1,570 crore order from National Thermal Power Corporation (NTPC) Limited for power producer’s upcoming Supercritical thermal power project
Kalyani group firm Bharat Forge today said it is developing a new artillery gun, mainly for supply to the Indian Army and has earmarked an initial investment of Rs 100 crore.
Exports provided the necessary push to Bharat Forge’s revenues in the December 2011 quarter, posting 29% year-on-year growth on the back of strong auto demand in both North America and Europe in 2011. Heavy truck sales, while much lower than earlier
As slowdown fears turn real, Baba Kalyani, chairman, Bharat Forge, says it’s critical to have a political consensus on reforms. Industry, too, should gear up to reduce costs and seek new customers, in new markets.
Known for his plainspeak, Baba Kalyani, chairman, Bharat Forge is not just a voice representing Indian manufacturing but that of entire India Inc. As slowdown fears turn real, he says it's critical now to have a political consensus on reforms.
The Association of Indian Forging Industry (AIFI) is demanding transparency in iron ore distribution procedures to create more value addition, according to Baba Kalyani, association former president, and chairman and managing director of the
Auto component maker Bharat Forge Ltd today reported 56.14% jump in net profit for the quarter ended September 30, 2011 at Rs 106.40 crore as compared to the same period last fiscal.
Bharat Forge reported June quarter results which were ahead of analysts’ expectations, as exports to the US and Europe bounced on strong demand from the commercial vehicle (CV) section in these markets.
Bharat Forge is trading nearly 6% higher at Rs 285.25 on the National Stock Exchange (NSE) after the company reported a 64% year-on-year (y-o-y) rise in standalone net profit for the June 2011 quarter at Rs 97.4 crore.
