Bharat Forge has received approval for 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 towards the strategic initiatives of the company to house all the e-mobility initiatives of the company under KPTL. The investment will be completed on or before September 30, 2024. The ‘Investment Committee - Strategic Business’ of the Company has, at its meeting held on August 22, 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.
