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Bharat Forge concludes divestment of 26% stake in ABFPL to GE

27 Feb 2018 Evaluate

Bharat Forge has completed the sale of balance equity of 26% in the power equipment JV with GE (erstwhile Alstom), Alstom Bharat Forge Power (ABFPL). With this, the company has completed divestment of its shareholding in ABFPL to GE.

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.

Peers
Company Name CMP
Bharat Forge 1874.00
Ramkrishna Forgings 687.95
MM Forgings 597.00
Happy Forgings 2078.50
Balu Forge Inds. 498.45
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