MoneyWorks4Me

Bharat Forge’s arm acquires 51% stake in Ferrovia

03 Mar 2023 Evaluate

Bharat Forge’s wholly owned subsidiary -- BF Infrastructure (BFIL) has successfully acquired the 51% of equity shares of Ferrovia Transrail Solutions (Ferrovia) on March 02, 2023. Subsequent to the above, Ferrovia has become wholly owned subsidiary of BFIL and step-down subsidiary of the company.

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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