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Bharat Forge Ltd (BFRG.NS)

BFRG.NS on National Stock Exchange of India

1,014.50INR
22 Mar 2017
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847,852
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Rs1,095.00
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Rs682.00

Latest Key Developments (Source: Significant Developments)

Bharat Forge Dec-qtr profit down about 21 pct
Wednesday, 8 Feb 2017 02:23am EST 

Bharat Forge Ltd : Dec quarter net profit 1.29 billion rupees . Dec quarter total income from operations 9.90 billion rupees . Consensus forecast for Dec quarter profit was 1.36 billion rupees . Says declared interim dividend of INR 2.50 per share . Net profit in Dec quarter last year was 1.64 billion rupees as per Ind-AS; total income from operations was 11.09 billion rupees .The profit alert was first sourced from TV and was later confirmed from a company press release on the BSE.  Full Article

Bharat Forge disinvests entire stake in unit Kalyani Polytechnic
Friday, 3 Feb 2017 05:22am EST 

Bharat Forge Ltd : says has disinvested its entire stake in unit Kalyani Polytechnic Private Limited .says Kalyani Polytechnic Private Limited has ceased to be the subsidiary of Bharat Forge Limited.  Full Article

Bharat Forge says Walker Forge Tennessee, PMT Holdings become indirect units of co
Thursday, 1 Dec 2016 11:16pm EST 

Bharat Forge Ltd : Acquisition of Walker Forge Tennessee LLC & PMT Holdings Inc. USA . Walker Forge Tennessee LLC and PMT Holdings Inc become indirect units of co . Walker Forge Tennessee LLC has been renamed as Bharat Forge PMT Technologie LLC .PMT Holding Inc has been renamed as Bharat Forge Tennessee Inc.  Full Article

Bharat Forge U.S. arm to buy Walker Forge Tennessee for $14 mln
Friday, 18 Nov 2016 04:33am EST 

Bharat Forge Ltd : Says acquisition of Walker Forge Tennessee LLC . Says acquisition through its U.S. subsidiary, Bharat Forge America .Says the transaction value is U.S.$14 million which will be funded through internal accruals & debts.  Full Article

Bharat Forge approves agreement for sale of 49% stake in Alstom Bharat Forge Power
Tuesday, 8 Nov 2016 02:43am EST 

Bharat Forge Ltd : Approved execution of share sale/purchase agreement for sale of 49% stake in its joint venture company Alstom Bharat Forge Power .Deal for a consideration of usd 35 million to GE Pacific.  Full Article

Bharat Forge Sept-qtr profit falls 26 pct
Tuesday, 8 Nov 2016 02:39am EST 

Bharat Forge Ltd : Sept quarter net profit 1.27 billion rupees . Sept quarter total income from operations 9.36 billion rupees . Net profit in Sept quarter last year was 1.72 billion rupees as per Ind-AS; total income from operations was 11.71 billion rupees .Profit alert was initially sourced from TV and later confirmed with co release.  Full Article

Bharat Forge says Bombay High Court sanctions scheme of amalgamation of BF Infrastructure Ventures
Monday, 22 Aug 2016 08:01am EDT 

Bharat Forge Ltd : High court of Bombay sanctioned the scheme of amalgamation of BF Infrastructure Ventures Limited into BF Infrastructure Limited .  Full Article

Bharat Forge June-qtr profit falls around 38 pct
Friday, 5 Aug 2016 12:32am EDT 

Bharat Forge Ltd : Says June-quarter net profit 1.22 billion rupees; total income from ops 9.57 billion rupees . Consensus forecast for June-quarter net profit was 1.52 billion rupees . Net profit in June quarter last year was 1.96 billion rupees as per Ind-AS; total income from operations was 11.86 billion rupees .  Full Article

Bharat Forge clarifies on news item on subsidiary stake sale
Friday, 15 Jul 2016 08:29am EDT 

Bharat Forge Ltd : Clarifies on news item on subsidiary stake sale . Co has not sold stake in defence holding co; kalyani group companies have subscribed to fresh issuance of shares of kssl . Dilution of co's stake in non-material unit kssl has no impact on co .  Full Article

Bharat Forge sees demand in Q1 FY17 to be lower than Q4 FY16
Tuesday, 17 May 2016 03:44am EDT 

Bharat Forge Ltd : Expect demand in Q1 FY 2017 to be lower than Q4 FY 2016 due to inventory destocking in US truck market, weakness of export industrial business . "Looking ahead, the M&HCV segment is expected to register another year of growth in FY 2017" . Expect improvement in industrial business to continue in FY 2017 on back of orders from 'Make in India' sectors, uptick in economic activity . Sees FY 2017 demand for commercial vehicles to be higher in India and Europe, lower in North America .  Full Article

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