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Bharat Forge surges on entering into long-term partnership with Safran

14 Oct 2014 Evaluate

Bharat Forge is currently trading at Rs. 784.45, up by 14.45 points or 1.88% from its previous closing of Rs. 770.00 on the BSE.

The scrip opened at Rs. 778.00 and has touched a high and low of Rs. 787.00 and Rs. 760.00 respectively. So far 79116 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 934.40 on 11-Sep-2014 and a 52 week low of Rs. 258.25 on 14-Oct-2013.

Last one week high and low of the scrip stood at Rs. 827.50 and Rs. 713.30 respectively. The current market cap of the company is Rs. 18274.35 crore.

The promoters holding in the company stood at 46.74% while Institutions and Non-Institutions held 31.94% and 21.32% respectively.

Bharat Forge has entered into a long-term partnership with Safran to supply critical high integrity forged and machined components, for commercial aircraft applications to Safran’s global affiliates. The first step of this partnership is a Purchase Order issued by Safran.

Over the past 18 months, Safran and Bharat Forge have successfully worked on a demonstrator phase for initial trial production of critical forgings in a variety of materials, including titanium, nickel based and steel alloys, for aerospace. This success is the result of intensive engineering and manufacturing collaboration. Both companies will also seek to explore and address other opportunities in Indian aerospace for civil and military sectors.

Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.

 

Bharat Forge Share Price

2149.85 46.10 (2.19%)
23-Jun-2026 11:31 View Price Chart
Peers
Company Name CMP
Bharat Forge 2149.85
Ramkrishna Forgings 579.10
MM Forgings 447.65
Happy Forgings 1575.45
Balu Forge Inds. 477.00
View more..

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