Bharat Forge Limited has signed a contract with the Ministry of Defence (MoD) for the supply of 184 Advanced Towed Artillery Gun Systems (ATAGS). The order accounts for 60% of the MoD’s total procurement valued at INR 69 billion (approximately USD 830 million). The ATAGS is a 155mm/52-caliber artillery system developed jointly by Bharat Forge […]
India’s defence production reached INR 1.27 trillion in the financial year 2023-24, marking a 174% increase since 2014-15, according to a press release from the Ministry of Defence. Tata Advanced Systems and Bharat Forge, along with other domestic companies, contributed to this growth through the manufacturing of military platforms such as artillery systems, combat aircraft, […]
Kalyani Powertrain, a subsidiary of Bharat Forge Ltd., has entered the Indian server market through a collaboration with AMD (Advanced Micro Devices). The partnership aims to manufacture servers in India incorporating AMD’s EPYC™ processors, with future plans to integrate AMD Instinct™ accelerators. At an event in Pune, representatives from both companies, including Bharat Forge Chairman […]
Bharat Forge Ltd. and Liebherr-Aerospace & Transportation SAS have announced a collaboration to establish a manufacturing facility in Pune, India, aimed at producing aerospace components. The facility is expected to be operational in 2025. The plant will include a ring mill and advanced machining capabilities for manufacturing landing gear components. The investment is part of […]
Bharat Forge Limited has approved an infusion of €39 million (approximately ₹345.58 crore) into its wholly owned subsidiary, Bharat Forge Global Holding GmbH (BFGH), based in Germany. This decision was made during a meeting of the company’s Investment Committee on December 24, 2024. The funds will be allocated to BFGH as equity capital to support […]
Bharat Forge Limited has announced the successful completion of its Qualified Institutional Placement (QIP), raising ₹1,650 crores. The QIP concluded on December 9, 2024, and involved the issuance of shares at ₹1,320 per share, slightly below the regulatory floor price of ₹1,323.54 per share. According to the press release issued by the company, the offering […]
Bharat Forge Limited (BFL) has reached a definitive agreement to acquire the commercial vehicle axle business of American Axle & Manufacturing Holdings, Inc. (AAM) in India for $65 million. The sale includes AAM India Manufacturing Corporation Pvt. Ltd. (AAMIMCPL) and is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close […]
Bharat Forge Limited has announced a definitive agreement to acquire AAM India Manufacturing Corporation Private Limited (AAMIMCPL), a subsidiary of American Axle & Manufacturing Holdings, Inc. (AAM), for an enterprise value of Rs. 5,445.30 million, pending customary closing adjustments and regulatory approvals. Established in 2008, AAMIMCPL manufactures axles for light, medium, and heavy-duty commercial trucks […]
Kalyani Strategic Systems Ltd, a wholly owned subsidiary of Bharat Forge Ltd, has announced plans to collaborate with US defense companies AM General and Mandus Group LLC to co-develop and co-produce next-generation artillery gun platforms. The collaboration aims to address the increasing demand for modern light artillery systems by global militaries. The companies will focus […]
