Bharat Forge has received approval for additional investment in the equity shares of Kalyani Powertrain (KPTL) by way of right issue. KPTL is a public limited company and a wholly owned subsidiary of the company which houses electric vehicle (EV) and e-mobility initiatives of the company.
The current tranche of investment will be completed by December 31, 2024. The Investment Committee (Strategic Business) of the Company, at its meeting held on December 13, 2024, 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.
