Corporate News 18-Jun-24
Bharat Forge invests further USD 40 million in Bharat Forge America Inc.
Bharat Forge has on 18 June 2024 made an additional investment of USD 40 million in Bharat Forge America Inc. (BFA) a wholly owned subsidiary of the Company. This investment falls within the pre-approved limits of the board resolution dated 14 November 2022. The funds are intended for further investment by BFA into its wholly-owned subsidiary - Bharat Forge Aluminum USA Inc. (BFAL), to facilitate BFAL's capital expenditure for aluminum forging facility.
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