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Bharat Forge to set up auto component hub in Andhra Pradesh: Report

11 Jan 2016 Evaluate

Bharat Forge, a leading global commercial forging company, is reportedly planning to set up an integrated auto components hub in Nellore in Andhra Pradesh with an investment of about Rs 1,200 crore. The project will employ 3,000 odd people directly and almost similar amount indirectly. Furthermore, the company is also planning to build a multi-modal manufacturing facility for industrial components, defence and aerospace components including a supply chain and this will be located in Anantapur district.

Bharat Forge (BFL) is the flagship company of the $3.0 billion Kalyani Group and a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including Automotive, Oil & Gas, Power, Construction & Mining, Aerospace and Rail & Marine.

Peers
Company Name CMP
Bharat Forge 1903.05
Ramkrishna Forgings 694.55
MM Forgings 612.50
Happy Forgings 2093.00
Balu Forge Inds. 505.85
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