Bharat Forge’s wholly-owned subsidiary -- Kalyani Strategic Systems (KSSL) has signed Share Subscription Agreement to acquire 51% stake in Zorya Mashproekt India (ZMI) through itself and/or its affiliate/ nominee.
The object of acquisition is to create indigenous capabilities for design, manufacturing, maintenance repair and overhaul including spare support for all types of gas turbines. The acquisition will be completed by December 31, 2023.
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.
