Bharat Forge has received approval for additional investment in Kalyani Powertrain (KPTL). The funds proposed to be infused in KPTL will be invested by KPTL in its wholly owned subsidiary Kalyani Mobility Inc. (KMI). The investment will be completed by September 30, 2023. KPTL is engaged in the EV and e-mobility solutions space. Accordingly, the proposed investment is being undertaken by KPTL in line with its main line of business. The Board of the Company, the Investment Committee (Strategic Business) of the Company, at its meeting held on September 14, 2023, has approved the same.
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.
