Bharat Forge has received approval from the Investment Committee (Strategic Business) of the Company to make additional investment in Kalyani Powertrain (KPTL). KPTL is engaged in the EV and e-mobility solutions space. Accordingly, the proposed investment by the Company in KPTL is in furtherance of KPTL’s main line of business as an investment for setting up manufacturing lines to supply EV Components through KPTL’s subsidiaries.
The Company shall subscribe to 3,30,00,000 equity shares of face value Rs 10 each of KPTL for an aggregate investment not exceeding Rs 33 crore. The investment will be completed by November 30, 2023. The Investment Committee (Strategic Business) of the Company, at its meeting held on November 01, 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.
