Bharat Forge

Hikal ownership dispute: Kalyani family spar over 1993 agreement

Baba Kalyani's sister Sugandha, husband move court against the Bharat Forge promoter for full ownership of chemical company Hikal; Kalyani points to intervening agreements and statute of limitations

Stocks to Watch: Bharat Forge, Shoppers Stop, Gokaldas, Lotus Chocolate

Stocks to Watch: As per a report, Clear Wealth Consultancy Svcs LLP will likely sell 8.25 per cent stake via block deal in Gokaldas Exports today

Stocks to watch: Tata Power, NHPC, Zydus Life, Bharat Forge, Ramco Systems

Stocks to watch today: From Tata Power to NHPC, here are top stocks to watch in Friday's trading session

Stocks to watch: Axis Bank, Zee Ent, SpiceJet, RIL, Bharat Forge, Alkem Lab

Stocks to watch: Zee Entertainment has been barred from the futures and options (F&O) segment of the NSE; Olectra Greentech has developed a hydrogen bus in technical partnership with Reliance Ind

Street concerns over global slowdown weighs on Bharat Forge stock

The commercial vehicle (CV) segment's revenue was Rs 490 crore (up 27 per cent YoY and 5 per cent QoQ)

Bharat Forge, HAL ink pact for production of aerospace grade steel alloys

State-owned HAL and Bharat Forge Limited have signed an agreement for development and production of aerospace grade steel alloys. The Memorandum of Understanding (MoU) was signed at the ongoing Aero India show in Bengaluru on Thursday, the two entities said in a joint statement. "Hindustan Aeronautics Limited (HAL), Foundry & Forge (F&F) Division, Saarloha Advanced Materials Pvt Ltd (Saarloha) and Bharat Forge Limited (BFL), signed an MoU for collaboration in development and production of aerospace grade steel alloys," it said. "Manufacturing of specialty steel would play a significant role in realising the success of national aerospace & defense programmes under 'Atmanirbhar Bharat' initiative," R K Goyal, Director at Saarloha, said. There are very limited approved/qualified domestic suppliers for various types of aerospace grade steel alloys used in aircraft applications. Due to this, such alloys are getting imported, creating dependency on foreign steel manufacturers, ..

Bharat Forge Ltd signs MoU with Paramount group at Aero India 2023

BFL and global aerospace and technology company, Paramount Group have signed a MoU for the development and production of Composite Rotor Blades, Mission Systems and Stores Management systems.

Bharat Forge dips 7% on weak performance of overseas subsidiaries in Q3

The company's overseas operations posted an EBITDA loss of Rs 62 crore in December quarter due to ramp up related issues of the new Al forgings capacities in Germany and the US

Stocks to watch: Eicher Motors, Voda Idea, Siemens, Bharat Forge, ONGC

Stocks to watch today: While Eicher Motors posted 62.4 per cent year-on-year (YoY) jump in the December quarter (Q3FY23) profit, Vodafone Idea's net loss widened 10.5 per cent YoY to Rs 7,990 crore

Bharat Forge's net profit falls 81% to Rs 78.72 crore in December quarter

Auto components major Bharat Forge Ltd on Tuesday reported an 81.35 per cent decline in consolidated net profit at Rs 78.72 crore in the third quarter ended December 2022, hit by higher expenses. The company had posted a consolidated net profit of Rs 422 crore in the same period last fiscal, Bharat Forge Ltd (BFL) said in a regulatory filing. Consolidated revenue from operations during the quarter under review was at Rs 3,353.36 crore as against Rs 2,394.69 crore in the same period last fiscal, it added. Total expenses in the October-December period this fiscal was at Rs 3,178.9 crore, up from Rs 2,093.39 crore in the year-ago quarter. Cost of raw materials and components consumed stood at Rs 1,543 crore in the third quarter as against Rs 1,082.45 crore in the same period a year ago, the company said. BFL Chairman & Managing Director BN Kalyani said in the third quarter, the company's Indian operations secured new business worth Rs 265 crore across automotive and industrial ...

Bharat Forge arm to acquire SEZ unit of Indo Shell Mould in Tamil Nadu

Auto components maker Bharat Forge Ltd on Monday said its step-down subsidiary JS Auto Cast Foundry India will acquire the SEZ unit of Indo Shell Mould Ltd located at SIPCOT, Erode in Tamil Nadu for an undisclosed sum. JS Auto Cast Foundry India has entered into a business transfer agreement with Indo Shell Mould Ltd for the purpose, Bharat Forge said in a statement. "This acquisition strengthens JS Auto's presence in the castings sector, expands the product offering and client base, and enhances its footprint in the Indian manufacturing landscape," it added. The SEZ Unit with a capacity of 42,000 MTPA, supplies fully machined critical castings to marquee customers in the automotive industry and will operate as the third manufacturing unit of JS Auto, taking its total capacity to 1,42,000 MTPA, the company said, adding that the acquisition will be EPS accretive from the first year itself.

F&O Call: Nandish Shah recommends Bull Spread strategy on Bharat Forge

The derivative analyst from HDFC Securities recommends to Buy Bharat Forge 880 Call and simultaneously Sell 900 Call for the January expiry.

Bharat Forge: Diversification, lower input costs should reap benefits

Bharat Forge is the largest exporter in forgings components globally, with around 60 global customers and about 68 per cent of its revenue from exports

Bharat Forge gains 2% on healthy medium term growth prospects

The spike comes after the management re-iterated healthy medium term revenue prospects, supported by growth in defense, aerospace, e-mobility, and aluminum segments

Sensex falls 171 pts, Nifty holds 18,300; Dr.Reddy's down 4%, LIC jumps 6%

CLOSING BELL: The key benchmark indices gyrated in a narrow trading band on Monday, before settling with losses as FMCG stocks slipped.

Bharat Forge Q2 net dips 48% to Rs 141 cr on lower than anticipated sales

Bharat Forge on Monday reported a 48 per cent decline in its consolidated net profit to Rs 141 crore for the second quarter that ended September 30, 2022. The company had posted a net profit of Rs 270 crore in the July-September period of last year. Revenue from operations rose to Rs 3,076 crore in the period under review from Rs 2,386 crore in the September quarter last year, Bharat Forge said in a regulatory filing. The performance of the European operations has been adversely impacted mainly by lower than anticipated sales volumes for the aluminium forging business. The new greenfield aluminium forging facility in North America is still in a ramp-up phase and operating at utilisation levels below EBITDA breakeven levels, Bharat Forge, Chairman & Managing Director B N Kalyani stated. The company expects this business to turn around in the second half of the fiscal, he added. Looking ahead into Q3 FY23, we expect stable performance across both the domestic and export markets ...

Stocks to watch: Adani Green, Tata Motors, M&M, Zomato, JSPL, Bharat Forge

Stocks to watch today: Adani Green, Zomato, Eicher Motors will report the July-September (Q2FY23) results on Thursday, November 10; Bharat Forge's subsidiary bagged export order worth $155.5 million

Bharat Forge's subsidiary to sell 155-mm artillery at $155 mn to Armenia

Export order to be executed over three-year time frame

Bharat Forge's subsidiary bags $155.5 mn order to export artillery guns

Bharat Forge has been consolidating its defence and aerospace business under Kalyani Strategic Systems with an aim to target export opportunities in the defence sector

For UN missions, Bharat Forge rolls out 16 Kalyani M4 vehicles to Army

"The (Kalyani M4) vehicle can withstand three tri-nitro-toluene charges under the wheels and one 50 kg IED blast at one side," stated the media release