Move to give it manufacturing presence in US; resembles its past acquisitions strategies to penetrate European market
Co's board of directors also approved the divestment of its entire share of investment in ALSTOM Bharat Forge Power Private Ltd
Companies are looking at overseas buyouts to beat the slowdown, but many of the earlier acquisitions are still making losses
How the oil and gas vertical shapes up will also play a key role in incremental growth
June quarter results were disappointing; stock gained on expectations the worst is over
The company has also witnessed a decline of 19.3% in its revenue to Rs 957.10 crore as compared to Rs 1,186.10 crore last year
Robust domestic sales of medium and heavy commercial vehicles could provide some cushion
CLSA raises concern on company selling 49% stake of defence subsidiary to promoters
The order is for supply two units of 800MW ultra-supercritical steam turbine generator islands
The stock touched its 52-week low at Rs 716, down 3%, extending its previous day's 2% fall on the BSE
Revenue for the quarter at Rs 1,030.5 crore degrew by 17% from Rs 1,243.9 crore in the corresponding quarter last fiscal
The titanium forgings will be developed and manufactured by Bharat Forge using a closed die forging process
The stock moved higher by 3% to Rs 817, recovering 4% from intra-day's low on the National Stock Exchange.
With N America heavy truck orders at low and non-auto in distress, near-term outlook is muted
LIC has raised its stake in Bharat Forge by 2.02% via purchase of 47.12 lakh shares in the open market