Bharat Forge has received approval from the Investment Committee (Strategic Business) for additional investment in Kalyani Powertrain (KPTL), wholly owned subsidiary of the Company. 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. The investment will be completed on or before March 31, 2024.
The Investment Committee (Strategic Business) of the Company, at its meeting held on January 29, 2024 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.
