Wednesday February 25, 2015
Ship building companies have become acquisition target of many large corporate houses as the government plans to spend billions of dollars in next two decades to modernise defence forces.
Thursday February 19, 2015
The company in a press release said, "Under the agreement, Bharat Forge will begin supplying pre-machined forgings from its facilities in Pune and Baramati to Boeing in the first quarter of 2016".
Wednesday February 18, 2015
Pipavav Defence and Offshore Engineering surged 19 per cent, Astra Microwave Products zoomed over 18 per cent and Bharat Forge added 5 per cent.
Monday February 2, 2015
The company's net profit stood at Rs 93.97 crore in the October-December quarter of the previous fiscal, Bharat Forge said in a filing to the BSE.
Friday January 2, 2015
CDP Bharat Forge GmbH, a 100 per cent Germany-based subsidiary of Bharat Forge Ltd (BFL), has acquired 100 per cent equity shares of Mecanique Generale Langroise (MGL), the Pune-based firm said in a filing to the BSE.
Tuesday December 30, 2014
The Nifty opened flat on Tuesday as indicated by futures trade on Singapore Stock Exchange. Foreign investors were net sellers of Indian equities on Monday as they have sold stocks worth Rs 204 crore in cash market. However domestic investors were ne...
Monday November 24, 2014
The shares of defence suppliers gained after the government approved the purchase of $2.6 billion worth mounted gun systems. Tata Power Company gained 0.8 per cent, Larsen & Toubro rose 0.6 per cent and Bharat Forge advanced 2 per cent.
Monday November 10, 2014
Bharat Forge's net sales during the six-month period increased 29.92 per cent to Rs 2,126.40 crore as against Rs 1,636.67 crore in the same period of the previous fiscal.
Tuesday October 7, 2014
The government has cleared 33 pending defence projects including those of Reliance Aerospace, Bharat Forge, Mahindra Telephonic Integrated Systems and Tata Advanced Materials, a move that is expected to boost advanced manufacturing and attract huge i...
Monday September 8, 2014
Auto components firm Bharat Forge has sold a 50 per cent stake in its joint venture company Impact Automotive Solutions Ltd for Rs 10.80 crore.
Thursday August 21, 2014
Bharti Airtel has declared a final dividend of Rs 1.80 for the financial year 2013-14 which indicates a dividend yield of 0.49 per cent per share.
Thursday August 7, 2014
Improvement in export volumes and currency depreciation are the main reasons for growth, analysts say.
Wednesday July 30, 2014
Total net sales of the company in Q1 of 2014-15 stood at Rs 964.33 crore, up 24.96 per cent compared to Rs 771.65 crore during the same period 2013-14.
Tuesday May 27, 2014
Net profit includes impairment charge of Rs 30.8 crore, which is non-cash in nature, taken on investments in domestic subsidiaries, the company said in a statement.
Thursday May 8, 2014
Auto components firm Bharat Forge on Thursday said its German subsidiary BFAT has won a 250-million-euros (Rs 2,075 crore at 1 euro = 83 rupees) multi-year contract from a firm in Germany for supplying suspension components.
Wednesday April 9, 2014
Bharat Forge has made a day high of Rs 446.90 and currently trading up 1.64 per cent to Rs444 rupees, while Ashok Leyland trading at it day high with around 4 per cent gains at Rs23.95 up 2.82 per cent on NSE at 12:58 p.m.
Tuesday April 1, 2014
In a filing to the BSE, Bharat Forge said LIC sold 47.79 lakh shares aggregating 2.053 per cent stake in the company through the open market between January 16 and March 28 this year.
Thursday March 27, 2014
The bank flags Bharat Forge, Hindustan Petroleum Corp, Jain Irrigation Systems, LIC Housing Finance, Shree Cement, Shriram Transport Finance and Yes Bank as its top mid cap picks.
Tuesday February 11, 2014
Consolidation of subsidiaries along with improving product mix are likely to boost profitability of the company, analysts said.
Wednesday February 5, 2014
Total revenue jumped 23.7 per cent to Rs 832.1 crore in the quarter under review as against Rs 672.6 crore in the year-ago period on the back of 54.5 per cent increase in export revenues, a company statement said here.
Tuesday January 21, 2014
LIC had 167.74 lakh shares amounting to 7.206 per cent stake in the Pune-based forgings maker before the transaction held between November 15, 2013 and January 15, 2014, Bharat Forge said in a BSE filing today.
Saturday December 14, 2013
Fair trade regulator Competition Commission of India has approved the proposed merger of two companies jointly owned by French major Alstom and industrial player Kalyani Group.
Friday October 25, 2013
Net sales of the company stood at Rs 821.38 crore for the second quarter, as compared to Rs 852.19 crore during the same period of last year.
Tuesday August 28, 2012
The founders of auto component-maker Bharat Forge are in talks with private equity firms to sell a $300 million stake in their wind energy firm, Kenersys, two sources familiar with the matter said.