State-run NTPC on Wednesday said its joint venture (JV) with Bharat Forge has initiated a voluntary liquidation process under the Insolvency and Bankruptcy Code (IBC).
Bharat Forge (BFL), a technology-driven metal forging company having a transcontinental presence, posted robust numbers for the March quarter. Revenues grew 30 percent year-on-year, driven by a strong performance in both export and domestic markets.
Bharat Forge, India’s largest exporter of auto components, said it opened a research and development facility at MIRA Technology Park in the UK to design powertrain solutions for Electric Vehicles.
Kalyani Group’s flagship firm Bharat Forge Ltd’s shares jumped 3.5% on Tuesday, energized by strong order flows from the US market. A 68% year-on-year jump in orders from North America’s Class-8 truck segment was the trigger.
Change is a common factor in our kind of business. It is clear that the change is happening faster in terms of technology than it is to happen before but we are ready.