Bharat Forge has entered into Business Transfer Agreement (BTA) with Kalyani Strategic Systems (KSSL), a wholly-owned subsidiary of the Company for transfer of identified assets and other related obligations relating to the defence business of the Company to KSSL on an itemized sale basis for a consideration of Rs 453.30 crore. The Company and KSSL have also entered into a intellectual property rights licensing agreement.
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
