Bharat Forge Ltd (BFL) the Pune based Indian multinational is a global provider of high performance innovative safety & critical components and solutions to various industrial sectors including Automotive Railways Power Defence Construction & Mining Aerospace Marine and Oil & Gas. The company is a part of Kalyani Group. The company has the largest repository of metallurgical knowledge in the region and offers complete service supply capability to their geographically dispersed marquee customers from concept to product design engineering manufacturing testing and validation. The company has its manufacturing facilities spread across India Germany Sweden France and North America. The company manufactures a wide range of safety and critical components for the automotive & non-automotive sector. It is the country's largest manufacturer and exporter of automotive components and leading chassis component manufacturer. The company customer base includes virtually every global automotive OEM and Tier 1 supplier.Bharat Forge Ltd was incorporated in the year 1961. In the year 1996 the company commenced commercial production. In the year 1995 the company commenced exports to erstwhile USSR by winning a large contract for under carriage components. In the year 1990 they made investment in state-of-art forging technology. Also they commissioned 16000 MT press line. In the year 1991 the company commenced supply of engine & chassis components to Japan USA and UK. In the year 2001 the company commissioned their second 16000 MT press line. Also they acquired the order book of Dand Kirkstall. In the year 2002 they made investment of $ 80 million in Research & Development Testing & Validation and state-of-the-art Heavy Duty Truck Crankshaft Machining facilities. In November 21 2003 the company acquired Carl Dan Peddinghus GmbH & Co. KG (CDP) of Germany and with this acquisition the company emerged as world's second largest forging company. Also they acquired Imatra Kilsta AB Sweden & Scottish Stampings Scotland. In the year 2005 the company signed a joint venture contract with FAW Corporation for their forging business. In September 21 2005 the company through their wholly owned subsidiary Bharat Forge Beteiligungs GmbH Germany acquired Imatra Kilsta AB Sweden along with its wholly owned subsidiary Scottish Stampings Ltd Scotland (together called Imatra Forging Group) which are now renamed as Bharat Forge Kilsta AB (BF Kilsta) and Bharat Forge Scottish Stampings Ltd respectively. Also they acquired Federal Forge now known as Bharat Forge America Inc. which provided the company with a manufacturing presence in USA one of their largest markets.In the year 2006 the company made investment of $ 100 million to set-up dedicated state-of-the-art forging & machining facilities for non-auto components. In the year 2008 they signed an MoU with NTPC. In August 2008 they commissioned India's Largest Commercial Open Forging Press. Also the company in association with Alstom formed a joint venture in Indian to manufacture state-of-the-art super critical power plant equipment. In March 2009 the company started operations in the new state-of-the-art 80 Mtr-T counterblow hammer in Baramati for production of heavy forgings for large diesel engines and aerospace applications as well as Machining line for heavy duty.During the year 2009-10 the company incorporated a joint venture (JV) company BF-NTPC Energy Systems Ltd (BFNESL) with a 51% equity interest held by the company and balance held by NTPC Limited for the manufacture of critical items of Balance of Plants and other equipment for which India still remains dependent on imports. Also the company set up two joint venture companies in partnership with ALSTOM Power Holdings S.A. for manufacturing sub-critical and supercritical thermal power plant equipment. The two JV companies named ALSTOM Bharat Forge Power Ltd and Kalyani ALSTOM Power Ltd will manufacture turbine and generators for power plants in the 300- 800 MW range and auxiliaries like heat exchangers condensers and deaeraters respectively. During the year the company entered into Preliminary Joint Venture and Shareholders' Agreement with AREVA NP France to create a manufacturing facility for heavy forgings and castings for the power sector particularly Nuclear Power segment and other heavy industries in India. In January 2010 the first phase of the capacity creation plan for the non-auto components business was completed with the commissioning of the ring rolling facility at Baramati. Also they established Kalyani Centre for Technology & Innovation. During the year 2010-11 the company commissioned new vertical heat treatment facility for manufacture of Turbine and Generator Rotors alongwith thermo stability test facility. Also Ring Rolling Mill in BARAMATI became fully operational and became a supplier of critical rings for different customers specially for Gear Box manufacturers. Also they company made an additional investment of Rs 150 crore in expanding machining line further for crankshaft machining in Baramati.In 2012 the companie's power equipment joint-venture with Alstom bags Rs. 1570 crore order from NTPC Ltd.In 2013 NTPC orders three supercritical turbine islands from Alstom-Bharat. Bharat Forge Alstom Power JV bags Rs 2251 cr order from NTPC.In 2014 there was a amalgamation of Joint Venture Companies -'Safran and Bharat Forge to form partnership to address opportunities in Indian civil and military aerospace'. The Kalyani Group Sign a Strategic Partnership for the Air Defence of IndiaIn 2015 High Tech Rail Component Manufacturing Facility at Bharat Forge Centre for Advanced Manufacturing Baramati was inaugurated. Also during the year production began at Alstom-Bharat Forge's new turbine and generator manufacturing facility in India. The company awarded Recognition Prize - Energy Efficiency Award 2015. Also during the year the company announced the acquisition of Oil & Gas Machining Company Mcanique Gnrale Langroise (MGL) in France. During the year Bharat Forge formalized a significant supply agreement for long term co-operation with Rolls-Royce. On 17 February 2016 Boeing and Bharat Forge (BFL) announced the first shipment of titanium flap-track forgings made by the Indian supplier for Boeing's Next-Generation 737. Bharat Forge will also supply forgings for the 737 MAX scheduled to enter into service in 2017. The companies continue to address opportunities to expand BFL work in support of Boeing and its supply chain partners around the world. BFL also intends to expand its capabilities to offer higher value machining and manufacture of assemblies.On 29 March 2016 Bharat Forge announced that the company has teamed up with US based AM General LLC to bid for India's Light Specialist Vehicle (LSV) program using AM General's battle-tested HMMWV as the LSV's base platform - with final build and production to take place in India. The teaming between the two companies will lead to providing cost effective and best-in-class mobility solutions for Indian Armed Forces. On 26 April 2016 Bharat Forge announced that Boeing has awarded a contract to the company for titanium forgings for the Boeing 777X. The titanium forgings will be developed and manufactured by Bharat Forge using a closed die forging process. On 7 June 2016 Bharat Forge announced that its joint venture with GE viz. Alstom Bharat Forge Power Private Ltd. (ABFPPL) has won a contract worth $219 million approximately from NTPC. ABFPPL will supply two units of 800 MW ultra-supercritical Steam Turbine Generator Islands on EPC basis along with related civil work for the Telangana Super Thermal Power Project Phase-1. On 8 November 2016 Bharat Forge announced that its Board of Directors has approved divestment of its 49% stake in the power equipment JV with Alstom Alstom Bharat Forge Power Private Limited (ABFPL) for US$ 35 million. The JV incorporated in Delhi with its manufacturing facility at Sanand was formed in 2009 to address opportunities arising from the expansion in the Indian power sector. On 18 November 2016 the Finance & Risk Management Committee constituted by the Board of Directors of Bharat Forge Limited (BFL) approved the proposed acquisition of 100% shareholding of Walker Forge Tennessee LLC (WFT) through the company's US subsidiary Bharat Forge America. WFT is a leading supplier of complex steel and high-alloy steel engine & chassis components to a diverse group of customers across Automotive & Industrial sectors. The transaction value is US$ 14 million which will be funded through internal accruals & debt. This proposed acquisition is focused on establishing BFL's manufacturing footprint in North America and on increasing BFL's product offering into the Passenger Car and Commercial Vehicle segments as well into industrial sectors such as Construction & Mining and allied industries. This will also enable BFL to expand its presence in North America.Kalyani Rafael Advanced Systems (KRAS) a Joint Venture between Kalyani Strategic Systems Ltd. a subsidiary of Bharat Forge and Rafael Advanced Defense Systems Ltd. of Israel inaugurated their state-of-the-art facility at Hyderabad on 3 August 2017. KRAS would be India's first private sector advanced defence sub-systems manufacturing entity. Spread across an area of 24000 sq.ft. the facility will enable production of high-end technology systems for Indian Armed Forces. It will be engaged in development of a wide range of advanced capabilities like Command Control and Guidance Electro-Optics Remote Weapon Systems Precision Guided Munitions and System Engineering for System Integration. The facility will also target to export products to other countries.The Board of Directors of Bharat Forge (BFL) at its meeting held on 10 August 2017 approved acquisition of the entire remaining 40% stake in its subsidiary company - Analogic Controls India Limited (ACIL). Upon acquisition ACIL will become a wholly owned subsidiary of the company. ACIL is engaged in the design and development of reliable onboard/ground systems safety arming mechanism launcher relay unit reliable electronic systems and sub-systems for mission critical applications. ACIL offers products and services for mission technologies of national importance in Defence Aerospace Communications and Industrial Electronics. ACIL clocked turnover of Rs 7.34 crore in FY 2016-17. BFL the erstwhile promoters of ACIL and ACIL had entered into a Share Subscription Agreement and Shareholders' Agreements on 23 April 2013 and 18 June 2013 respectively for acquiring 60% stake in ACIL by BFL.The Board of Bharat Forge at its meeting held on 10 August 2017 also recommended issue of bonus shares to the holders of equity shares of the company in the ratio of 1:1.On 10 August 2017 Bharat Forge announced that it has secured its maiden order from the Ministry of Defence to supply 1050 Dual Technology Detection Equipment. The order worth Rs 201.60 crore will be manufactured in India and is to be concluded within two years. On 17 January 2018 Bharat Forge announced that it has opened a Research & Development facility in UK in MIRA Technology Park the UK's leading automotive technology park and Enterprise Zone where it will be developing components & sub-systems focused on Electric Vehicles. This facility will complement the capabilities & knowledge established over the past 2 years in Kalyani Centre for Technology & Innovation (KCTI) & Kalyani Centre for Manufacturing Innovation (KCMI) in Pune focused on delivering solutions for Electric Vehicles. On 8 February 2018 Bharat Forge announced strategic investment of upto Rs 30 crore for eventual stake of 45% in an EV startup Tork Motorcycles. Bharat Forge is making a strategic investment in Tork Motorcycles as a part of its overall E-Mobility powertrain development. Tork's strength lies in its in-house team that has designed developed and built the complete electric motorcycle. Their knowledge in the overall EV powertrain development will help Bharat Forge gain access to technologies in personal E-mobility space.