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Bharat Forge Arm KSSL Launches Simha 4x4 Armoured Vehicle at Eurosatory 2026

Kalyani Strategic Systems Limited (KSSL), a wholly-owned subsidiary of Bharat Forge Limited, has launched the Simha 4x4, a modular Light Armoured Multi-Purpose Vehicle, at Eurosatory 2026 in partnership with Paramount. The ab initio designed vehicle supports missions including reconnaissance, border protection, and special operations, and is built around NATO qualified aggregates for rapid global industrialisation. The launch reinforces the KSSL-Paramount strategic partnership in delivering sovereign defence solutions across global markets.

15Jun 26

Supreme Court Encourages Mediation in ₹1 Lakh Crore Kalyani Family Dispute, Seeks Responses by July 13

The Supreme Court has encouraged mediation in the ₹1 lakh crore Kalyani family dispute connected to Bharat Forge, requesting responses from parties by July 13. The court's intervention signals a preference for an alternative dispute resolution mechanism to address the high-value matter. The July 13 deadline marks a key procedural milestone in the ongoing legal proceedings.

10Jun 26

Bharat Forge Working on Semiconductor Initiatives: CNBCTV18

Bharat Forge is reported to be working on semiconductor-related initiatives, as per CNBCTV18. The available information does not elaborate on the specific scope, scale, investment, or timeline associated with the initiative. The development reflects the company's engagement in the semiconductor space.

10Jun 26

Bharat Forge Secures Largest Army Carbine Order, Targets Defence Growth With 40% Export Revenue

Bharat Forge has announced its largest army carbine order, reinforcing its position in the defence manufacturing sector. The company reports strong demand from India, the United States, and Europe, with 40% of its defence revenue currently generated from exports. Bharat Forge has highlighted significant growth potential in the defence segment, reflecting its strategic focus on both domestic and international defence markets.

10Jun 26

Bharat Forge Records ₹20.32 Crores Block Trade on NSE at ₹1897.00 Per Share

Bharat Forge recorded a block trade on the NSE involving approximately 1,07,096 shares at ₹1897.00 per share, aggregating to a total transaction value of ₹20.32 crores. Such block trades are generally associated with institutional market participants executing large-volume orders. The trade highlights significant activity in Bharat Forge shares on the NSE platform.

05Jun 26

Bharat Forge fixes July 3 record date for ₹6.50 final dividend

Bharat Forge has fixed July 3, 2026, as the record date for a final dividend of ₹6.50 per share, subject to AGM approval. The payment will be made on or after August 14, 2026.

02Jun 26

Bharat Forge schedules analyst and investor meetings in June

Bharat Forge Limited has scheduled meetings with analysts and institutional investors in Mumbai and Chennai on June 3, 5, and 8, 2026. The events include the Morgan Stanley India Investment Forum, a Motilal Oswal non-deal roadshow, and the ICICI Investor Conference. The company confirmed no unpublished price sensitive information will be discussed, in compliance with SEBI regulations.

20May 26

Bharat Forge Signs MoU for India's First Private MGT Facility

Bharat Forge Limited signed an MoU with the Andhra Pradesh Government to establish India's first private-sector Marine Gas Turbine facility at Visakhapatnam. The project, spanning ~80 acres, will be developed in two phases focusing on repair, overhaul, and indigenous development of gas turbines. It aims to create ~750 jobs and aligns with national strategic goals like Aatmanirbhar Bharat.

19May 26

Bharat Forge's Agneyastra Energetics Breaks Ground on 1,000-Acre Defence Facility in Andhra Pradesh

Bharat Forge's Agneyastra Energetics Limited has broken ground on a 1,000-acre integrated defence manufacturing campus near Madakasira, Andhra Pradesh, with a planned investment of ₹1,500 crore over 2–4 years. The facility will focus on advanced energetics, ammunition, propellants, and pyrotechnic systems, aligning with India's Aatmanirbhar Bharat vision. The project is expected to generate approximately 800 direct and 2,500 indirect jobs, reinforcing Andhra Pradesh's position as a key aerospace and defence manufacturing hub.

14May 26

Bharat Forge Shareholders Approve Re-appointment of Two Executive Directors via Postal Ballot

Bharat Forge Limited concluded its postal ballot on April 22, 2026, with shareholders approving the re-appointment of Mr. B. P. Kalyani (DIN: 00267202) and Mr. S. E. Tandale (DIN: 00266833) as Whole-Time Directors designated as Executive Directors for five consecutive years from May 23, 2026 to May 22, 2031. The resolution for Mr. B. P. Kalyani was passed with 99.29% votes in favour (40,67,91,214 shares), while Mr. S. E. Tandale's resolution received 99.28% votes in favour (40,67,89,355 shares). The scrutinizer declared 1,11,239 votes as invalid in both cases. The certified true copy of proceedings was submitted to stock exchanges on May 14, 2026 from Pune.

14May 26

Bharat Forge Receives Income Tax Appellate Order with Penalty Reduced to Rs. 85,29,661 for FY 2016-17

Bharat Forge Limited received an income tax appellate order dated May 11, 2026, under Section 250 of the Income Tax Act, 1961, reducing the penalty to Rs. 85,29,661 for under-reporting of income for FY 2016-17. The company is in the process of filing a further appeal before ITAT, Pune, and has confirmed there is no material impact on its financials, operations, or other activities.

12May 26

Bharat Forge Secures Long-Term Embraer Contract for Landing Gear Forgings

Bharat Forge has entered into a long-term contract with Embraer to manufacture and supply critical landing gear forgings, covering both commercial and defence aircraft programs. The deal makes Bharat Forge the first Indian supplier of forged components in Embraer's global aerospace supply chain, with leadership highlighting the milestone as a testament to the company's aerospace manufacturing capabilities and a step toward scaling critical structural components.

12May 26

Bharat Forge Q4 & FY26 Results: Earnings Call Highlights Growth Targets and Strategic Initiatives

Bharat Forge reported FY26 consolidated revenue of ₹168,116.53 million and net profit of ₹10,893.98 million, with standalone EBITDA margin at 27.50%. The company secured ₹4,814 crores in new business orders, holds a defense order book of ~₹11,000 crores, and acquired stakes in K Drive and Fortuna Engineering. Management targets approximately 25% growth in India operations for FY27, with ongoing capex of ₹800–₹850 crores over a 15–18 month period.

09May 26

Bharat Forge Completes 30% Stake Acquisition in Fortuna Engineering Private Limited

Bharat Forge Limited completed the acquisition of a 30% stake in Fortuna Engineering Private Limited (FEPL) on May 08, 2026, acquiring 27,08,754 equity shares at ₹10 face value and ₹478.45 premium per share under Tranche I. Following the transaction, FEPL has become an Associate Company of Bharat Forge, as disclosed under Regulation 30 of SEBI LODR Regulations, 2015.

08May 26

Kotak Securities Maintains Sell Rating on Bharat Forge, Raises Target Price to ₹1300

Kotak Securities has maintained a Sell rating on Bharat Forge, raising its target price to ₹1300 from ₹1250. The brokerage acknowledges positive catalysts such as domestic auto recovery, bottoming of US/EU CV cycles, and growth in defence, casting, and aerospace, but notes these are already priced in. Weak execution and expensive valuations are cited as the primary factors limiting upside potential for the stock.

06May 26

Morgan Stanley Maintains Overweight on Bharat Forge, Sets Target Price at ₹1,978 on Truck Demand Recovery and Defence Tailwinds

Morgan Stanley has maintained an Overweight rating on Bharat Forge with a target price of ₹1,978, backed by a 201% year-on-year jump in US Class 8 truck April orders and an improved production outlook. Rising defence exposure is identified as a key FY27 earnings driver for the company. The brokerage continues to monitor freight trends and tariff developments as potential variables affecting the outlook.

04May 26

Bharat Forge Board Meet on May 7 for Q4FY26 Results and Analyst Call

Bharat Forge has scheduled its board meeting on May 7, 2026, to review audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and consider a final dividend recommendation. Alongside, the company has organized an Analyst/Investor Conference Call from 3:30 PM to 4:30 PM IST on the same date, with senior management including Vice Chairman Amit Kalyani and CFO Kedar Dixit participating to discuss Q4 and FY26 financial performance.

30Apr 26

Bharat Forge Acquires 30% Stake in Fortuna Engineering for ₹129.60 Crore

Bharat Forge has entered into agreements to acquire a 30% stake in Fortuna Engineering Private Limited for ₹129.60 crore, with an option to acquire additional stake for majority control. The target company, established in 1989 in Nashik, specializes in manufacturing connecting rods and camshafts for automotive applications, reporting sales of ₹322.50 crore in FY2025.

27Apr 26

Bharat Forge Launches Vikram VT 21 Advanced Armoured Vehicles With DRDO Partnership

Bharat Forge, in collaboration with DRDO, has launched the Vikram VT 21 advanced armoured platforms project, achieving the remarkable feat of developing battle-ready vehicles within three years from concept to deployment. The project encompasses both wheeled and tracked platforms that have cleared Ministry of Defence technical evaluations, positioning Bharat Forge to address the Indian Armed Forces' evolving requirements while strengthening India's indigenous defence manufacturing capabilities.

25Apr 26

Bharat Forge Limited Completes Postal Ballot for Director Re-appointments with Overwhelming Shareholder Support

Bharat Forge Limited completed its postal ballot voting on April 24, 2026, with shareholders overwhelmingly approving the re-appointment of Mr. B.P. Kalyani and Mr. S.E. Tandale as Executive Directors. Both ordinary resolutions received over 99% support from valid votes cast, demonstrating strong shareholder confidence in the leadership team. The e-voting process ran from March 24 to April 22, 2026, under the supervision of scrutinizer Ms. Ashwini Inamdar, ensuring transparency and regulatory compliance.

17Apr 26

Bharat Forge: Subsidiary BFISL Plans To Buy 90% Of R.S. Aerostructures

Bharat Forge Limited announced its wholly-owned subsidiary BF Industrial Solutions Limited will acquire 90% stake in RS Aerostructures Limited for Rs. 36 Million. The Bangalore-based target company specializes in aerospace structural assembly business and will help expand Bharat Forge's aerospace product portfolio and South India manufacturing presence.

09Apr 26

Bharat Forge Board Approves EUR 30 Million Financing for German Unit Restructuring

Bharat Forge's board meeting on April 9, 2026, approved a comprehensive restructuring plan for its German subsidiary BF CDP GmbH's steel forging operations in Ennepetal. The proposal includes potential orderly wind-down and solvent liquidation under German laws, with EUR 30 million financing approved to facilitate the process amid market challenges and cost disadvantages.

08Apr 26

Bharat Forge Confirms Compliance with SEBI Dematerialization Regulations for Q4FY26

Bharat Forge Limited confirmed compliance with SEBI dematerialization regulations for Q4FY26, filing a certificate on April 8, 2026, stating all dematerialization requests were processed within stipulated timelines. The confirmation was supported by RTA MUFG Intime India Private Limited, which verified proper handling of securities dematerialization, including acceptance/rejection procedures, certificate cancellation, and timely substitution of depositories' names in member registers.

25Mar 26

Jefferies Issues Buy Rating on Bharat Forge with Target Price of Rs 2150

Jefferies has assigned a Buy rating to Bharat Forge with a target price of Rs 2150, driven by the company's defense capabilities expansion and strong Indian government domestic procurement focus. The brokerage also highlights the rebound in US truck orders and revival in US industrial activity as key factors supporting both defense and industrial growth segments.

24Mar 26

Bharat Forge Limited Publishes Postal Ballot Advertisement for Directors Re-appointment

Bharat Forge Limited has published newspaper advertisement of its postal ballot notice in Financial Express and Loksatta under SEBI Regulation 30 and 47. The postal ballot seeks shareholder approval for re-appointment of Executive Directors B.P. Kalyani and S.E. Tandale for five-year terms with comprehensive remuneration packages and e-voting process scheduled from March 24 to April 22, 2026.

16Mar 26

Bharat Forge schedules analyst meeting with Axis Mutual Fund on March 18, 2026

Bharat Forge Limited has scheduled a physical one-on-one meeting with Axis Mutual Fund on March 18, 2026, in Pune. The company disclosed this analyst interaction under SEBI Regulation 30, emphasizing that no unpublished price sensitive information will be discussed. The meeting schedule remains subject to potential changes due to logistical issues or scheduling conflicts.

16Mar 26

Bharat Forge Subsidiary JS Auto Cast Completes ₹300 Crore Funding Transaction

Bharat Forge has announced the successful completion of a ₹300 crore funding transaction for its subsidiary JS Auto Cast Foundry India Private Limited. PI Opportunities Fund I Scheme II acquired a 23% stake through a complex share allotment structure involving both equity and preference shares, resulting in JS Auto Cast's status changing from a step-down wholly owned subsidiary to a step-down subsidiary of Bharat Forge.

11Mar 26

Bharat Forge Invests Rs. 1600.35 Million in German Subsidiary

Bharat Forge Limited has invested Rs. 1600.35 million (€ 15 million) in its wholly-owned German subsidiary Bharat Forge Global Holding GmbH through equity capital infusion. The investment, announced on March 11, 2026, strengthens the company's international operations structure. BFGH, incorporated in 2003, serves as a holding company for overseas investments with manufacturing subsidiaries in Germany, Sweden, and France, reporting € 6.50 million turnover for January 2024 to December 2024.

11Mar 26

Bharat Forge Inaugurates Advanced Landing Gear Facility in Pune with Liebherr Partnership

Bharat Forge officially launched its state-of-the-art landing gear machining facility in Pune through strategic partnership with Liebherr-Aerospace, positioning as India's first OEM-approved facility at scale. The inauguration featured senior executives from both companies and represents a significant advancement in India's aerospace manufacturing ecosystem with comprehensive capabilities across multiple aviation segments.

10Mar 26

Bharat Forge Receives ICRA Credit Rating Reaffirmation Across Multiple Facilities

Bharat Forge Limited received credit rating reaffirmation from ICRA across multiple facilities, maintaining [ICRA] AA+ (Stable) ratings for long-term facilities and [ICRA] A1+ for short-term facilities. The rating agency reaffirmed ratings for Rs. 125.0 crore non-convertible debentures while withdrawing ratings for Rs. 700.0 crore debentures, reducing the current rated amount to Rs. 0.0 crore. The reaffirmation demonstrates strong creditworthiness and was disclosed in compliance with SEBI regulations on March 10, 2026.

06Mar 26

Bharat Forge Limited Schedules Analyst and Institutional Investor Meetings for March 11-12, 2026

Bharat Forge Limited has scheduled analyst and institutional investor meetings for March 11-12, 2026, including virtual and physical sessions with Millennium Management, Fullerton Fund Management, and ICICI Securities. All meetings will be held in Pune, with the company noting that schedules may change and no unpublished price sensitive information will be discussed.

05Mar 26

Bharat Forge Subsidiary KSSL Partners with GRSE for Indigenous Naval Shipbuilding Solutions

Kalyani Strategic Systems Limited (KSSL), a subsidiary of Bharat Forge Limited, signed an MoU with Garden Reach Shipbuilders & Engineers Ltd. (GRSE) on March 05, 2026, to strengthen India's shipbuilding capabilities in marine engineering, propulsion systems, steering gear, and integrated platform management systems. The partnership aims to provide indigenous solutions for naval and commercial ships, supporting India's Atmanirbhar Bharat initiative and enhancing the country's maritime technological self-reliance.

05Mar 26

Bharat Forge Confirms No Active Talks Or Hidden Major Events Regarding North American Class 8 Truck Market News

Bharat Forge Limited issued comprehensive clarifications to BSE and NSE regarding news about its North American Class 8 truck market exposure, confirming no active negotiations, undisclosed material information, or events requiring disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, with no material impact on operations or financial position.

04Mar 26

Bharat Forge Approves Rs 8,000 Crore Unsecured Term Loan Under Board-Approved Funding Framework

Bharat Forge Limited's Investment Committee approved an unsecured rupee term loan of Rs 8,000 crore on March 4, 2026, within the Rs 20,000 crore fund-raising framework sanctioned by the Board in November 2025. The committee meeting, lasting 30 minutes, utilized delegated authority to finalize this debt arrangement. This approval represents a significant portion of the overall funding limit while maintaining compliance with SEBI regulations and providing the company with substantial financial flexibility for strategic initiatives.

13Feb 26

Bharat Forge Q3FY26 Results: Net Profit Declines 16.7% YoY Despite Stable Revenue

Bharat Forge's Q3FY26 results showed mixed performance with standalone profit declining 16.7% YoY to ₹2,880.41 million while consolidated operations demonstrated robust growth of 28.2% in net profit. The company published its unaudited financial results in newspapers as per SEBI regulatory compliance requirements.

04Feb 26

Bharat Forge Clarifies AMCA Fighter Jet Programme Participation Following Material Price Movement

Bharat Forge Limited issued a regulatory clarification on February 4, 2026, addressing material price movement in its shares following media reports about the AMCA fighter jet programme. The company confirmed its participation through a tripartite MoU signed on September 26, 2025, with BEML Limited and Data Patterns (India) Limited for the Advanced Medium Combat Aircraft programme. While acknowledging factual accuracy of media reports about its bid participation, Bharat Forge stated it has received no additional communication from defence authorities and attributed the stock price movement to market conditions.

02Feb 26

Bharat Forge Subsidiary JS Auto Cast Secures ₹300 Crores Investment from Premji Invest

Bharat Forge announced a major investment deal where its step-down subsidiary JS Auto Cast Foundry India Private Limited secured ₹300 crores from PI Opportunities Fund I Scheme II, an affiliate of Premji Invest, for a 23% stake on fully diluted basis. The comprehensive regulatory filing under SEBI Regulation 30 reveals detailed transaction terms, compliance requirements, and strategic growth plans, with completion expected by March 31, 2026.

30Jan 26

Bharat Forge Invests Rs 1,100.45 Million in German Subsidiary BFGH

Bharat Forge Limited has announced a Rs 1,100.45 million (€ 10 million) investment in its wholly owned German subsidiary Bharat Forge Global Holding GmbH through capital reserve contribution. The investment, disclosed under SEBI Regulation 30, will be completed by January 31, 2026, while maintaining 100% shareholding control. BFGH, incorporated in December 2003, serves as the holding company for overseas investments with subsidiaries in Germany, Sweden, and France, reporting € 6.50 million turnover for January 2024 – December 2024.

16Jan 26

Bharat Forge Secures ₹300 Crore Defence Contracts, Stock Gains 18.34% in 6 Months

Bharat Forge Limited has secured defence contracts worth ₹300 crores under the Emergency Procurement-VI framework for supplying indigenous unmanned systems to Indian Army and Navy. The company recently signed its largest small arms contract worth ₹1,661.90 crores and demonstrated strong stock performance with 18.34% gains over six months.

16Jan 26

Bharat Forge Secures ₹300 Crore Contracts for Indigenous Unmanned Systems Under Emergency Procurement

Bharat Forge has secured ₹300 crore worth of contracts for indigenous unmanned systems under emergency procurement, marking a significant achievement in the defense sector. This contract win demonstrates the company's technological capabilities in critical defense applications and aligns with India's self-reliance initiatives. The emergency procurement nature highlights the strategic importance of these unmanned systems for national security requirements.

11Jan 26

Bharat Forge Defence Revenue Surges to ₹1,772 Crores with ₹11,000 Crore Order Book

Bharat Forge has successfully diversified from automotive manufacturing into defence, with defence revenue growing from ₹410 crores in FY23 to ₹1,772 crores in FY25. The company reported strong Q2FY26 results with revenue of ₹4,032 crores (+9.30% YoY) and net profit of ₹299 crores (+23.00% YoY). With an ₹11,000 crore defence order book including a major ₹1,662 crore carbine contract, the defence segment now represents 70% of standalone revenue, providing stability against automotive sector cyclicality.

09Jan 26

Bharat Forge Partners with Germany's Agile Robots for AI-Driven Industrial Automation

Bharat Forge signed a strategic MoU with Germany's Agile Robots S.E. on January 9 to jointly develop AI-driven robotics and intelligent automation solutions. The partnership targets automotive, healthcare, consumer electronics, and industrial logistics sectors across India and Southeast Asia. The collaboration aims to create fully autonomous manufacturing facilities and deploy customized automation solutions. Despite this positive development, Bharat Forge shares closed 2.00% lower at ₹1,453.45 on the BSE.

08Jan 26

Bharat Forge, Germany's Agile Robots Sign MoU for AI-Driven Industrial Automation

Bharat Forge Limited has signed a strategic MoU with Germany-based Agile Robots S.E. to develop AI-driven robotic solutions for manufacturing, industrial CPG, and logistics sectors. The partnership focuses on deploying advanced automation technologies including vision and AI-based robotic solutions for fully autonomous factory operations across India and Southeast Asia. Despite the positive strategic development, Bharat Forge shares closed down 2.06% at ₹1,452.80 on January 8.

08Jan 26

Bharat Forge Partners with Agile Robots for AI Automation Solutions

Bharat Forge has entered into a partnership agreement with Agile Robots for AI automation solutions. The collaboration focuses on integrating artificial intelligence and robotics technologies into manufacturing processes, representing a strategic move toward advanced manufacturing capabilities.

08Jan 26

Bharat Forge Records ₹58.80 Crore Block Trade on NSE at ₹1,464.50 Per Share

Bharat Forge Ltd. witnessed another significant block trade on the National Stock Exchange worth ₹58.80 crores, involving 401,505 shares executed at ₹1,464.50 per share. This transaction reflects continued substantial institutional trading activity in the engineering and automotive components manufacturer.

06Jan 26

Bharat Forge Subsidiary Completes Solar Park Investment Acquisition

Bharat Forge Limited has completed Tranche I of its renewable energy investment through subsidiary JS Auto Cast Foundry India Private Limited. The subsidiary acquired 20,580 equity shares in Sunsafe Solarpark Twenty-Three Private Limited for ₹25.77 crores, securing a 31.57% stake. This transaction is part of a larger strategic initiative announced in September 2024 involving multiple Bharat Forge subsidiaries investing in solar energy special purpose vehicles.

06Jan 26

Bharat Forge: North American Class 8 Net Orders Surge to 42,200 Units in December

North American Class 8 net orders surged to 42,200 units in December, marking the highest level since October 2022. The performance showed exceptional growth with 108% month-over-month increase and 21% year-over-year growth, indicating strong recovery and momentum in the heavy-duty commercial vehicle segment.

05Jan 26

Defence Emerges as Decade's Key Theme as India Signs ₹4,666 Crore Military Contracts

Market expert Gurmeet Chadha identifies defence as the decade's defining theme, emphasizing military power over natural resources for national strength. India responds strategically with ₹4,666 crore defence contracts, including ₹2,770 crore for over 4.25 lakh carbines from Bharat Forge Ltd and ₹1,896 crore for 48 heavy torpedoes. The Ministry of Defence has committed ₹1,82,492 crore in fiscal 2026 capital contracts with an additional ₹79,000 crore approved outlay.

02Jan 26

Bharat Forge Expects 'Qualitatively Better' 2026 Following Record Defence Win

Bharat Forge Ltd. has secured its largest small arms contract worth ₹1,661.9 crore from the Ministry of Defence for 255,128 CQB carbines over five years, pushing its defence order book to ₹11,000 crore. Joint Managing Director Amit Kalyani expects 2026 to be "qualitatively better" driven by defence portfolio maturation and India's infrastructure growth across airports, ports, and railways. The company is focusing on indigenous defence manufacturing and sees naval systems and unmanned platforms as future growth areas.

31Dec 25

Bharat Forge Provides Strong Guidance for Defense Vertical, Eyes Export Opportunities

Bharat Forge has provided strong guidance for its defense vertical operations while identifying significant export opportunities in the defense segment. The positive outlook suggests confidence in the company's defense manufacturing capabilities and potential for international market expansion.

31Dec 25

Bharat Forge Shares In Focus After Securing ₹1,662 Cr Defence Contract

Bharat Forge announced its largest small arms contract worth ₹1,661.90 crores from the Defence Ministry for supplying 255,128 indigenously developed CQB carbines to the Indian Army over five years. The contract, signed on December 30, represents a joint development effort with DRDO and aligns with Atmanirbhar Bharat initiative. Shares closed 0.70% higher at ₹1,454.90 and are expected to remain in focus.

10Dec 25

Bharat Forge Denies Involvement in Russia Meetings, Says No Representative Visited Since 2021

Bharat Forge has denied involvement in any recent meetings in Russia, stating no company representative has visited since 2021. The clarification addresses speculation about potential business activities in Russia and demonstrates the company's commitment to transparency amid increased scrutiny of international corporate relationships.

14Nov 25

Bharat Forge Faces Revenue Dip in Q2 FY26 Amid North American Market Headwinds

Bharat Forge faced a challenging Q2 FY26 with standalone revenues dropping 7.5% to INR 1,947 crores due to North American Commercial Vehicle market degrowth and inventory destocking. CV exports to North America fell 48% quarter-on-quarter and 67% year-on-year. Despite revenue challenges, the company maintained a 28% EBITDA margin. Bharat Forge secured new business worth INR 1,582 crores and plans to raise up to INR 2,000 crores for growth initiatives. The company expects similar performance in Q3 FY26 with potential improvement in Q4.

12Nov 25

Bharat Forge Reports Mixed Q2 Results, Secures Major Defence Contract

Bharat Forge reported a 13% year-over-year decline in Q2 FY2026 standalone net sales to Rs 19.50 billion, with total tonnage down 12%. However, the company improved its EBITDA margin to 28.30%. Kalyani Strategic Systems Ltd, a subsidiary of Bharat Forge, secured defence contracts worth over Rs 2,500 million from the Indian Ministry of Defence for underwater systems. ICICI Securities raised its target price for Bharat Forge, citing strong growth in the defence segment.

11Nov 25

Kalyani Strategic Systems Secures ₹2,500+ Million Defense Contracts for Underwater Systems

Kalyani Strategic Systems Limited (KSSL), a wholly-owned subsidiary of Bharat Forge Limited, has secured contracts worth over ₹2,500 million from the Indian Ministry of Defence for underwater systems. The contracts, signed on November 10, 2025, require delivery within a year, adhering to Fast Track procurement norms. This development marks a significant milestone for KSSL in the underwater domain, showcasing its growing capabilities in design, development, and production of unmanned marine systems. KSSL has been building its expertise in this area over the past five years and has previously supplied autonomous underwater vehicles to the Indian Navy. The contracts align with the Indian Navy's urgent and mission-critical requirements, potentially enhancing India's naval defense capabilities.

11Nov 25

Bharat Forge Completes Full Utilization of Rs 1,650 Crore QIP Proceeds

Bharat Forge Limited has completely utilized the Rs 1,650 crore raised through its Qualified Institutional Placement (QIP) issued in December 2024. The funds were allocated as follows: Rs 1,029.60 crore for repayment of subsidiary borrowings, Rs 550.04 crore for acquiring equity shares in AAM India Manufacturing Corporation Private Limited, and Rs 42.23 crore for general corporate purposes. ICRA Limited, the monitoring agency, reported no material deviation from the stated objectives for the quarter ended September 30, 2025. The company completed all objectives without delays, demonstrating financial discipline and commitment to its goals.

11Nov 25

Bharat Forge Anticipates Growth in India Business and Defence to Offset US Export Decline

Bharat Forge reports a decrease in exports to North America due to challenging demand conditions expected in the second half of FY26, particularly in the commercial vehicle segment. To offset this decline, the company is focusing on growth in India's industrial business, non-US exports, and the defence sector. Strategic moves include restructuring the defence business, diversifying into aerospace and castings, and reviewing European operations. Despite challenges, Bharat Forge remains optimistic about overall growth prospects.

11Nov 25

Bharat Forge Q2 Revenue Dips to Rs 19.5B, Board Approves Rs 20B Fundraising

Bharat Forge experienced a 13.3% year-over-year revenue decline in Q2, with total revenue falling to Rs 19.5 billion. Despite this, the company improved its EBITDA margin to 28.30%. Net profit decreased to Rs 3.1 billion. The board approved raising funds up to Rs 20 billion, indicating potential future growth strategies or preparations for market challenges.

05Nov 25

Bharat Forge to Consider Fundraising Through Loans and Debentures

Bharat Forge Limited plans to consider various fundraising options, including term loans, non-convertible debentures, and other debt instruments. The company's Board of Directors will discuss these options at an upcoming meeting on November 11, 2025, alongside the approval of Q2 and H1 FY26 financial results. An Analyst/Investor Conference Call is scheduled for the same day to discuss the financial performance with senior management participation.

16Oct 25

Bharat Forge Expands Aerospace Partnership with Rolls-Royce for Pearl 10X Engine Fan Blades

Bharat Forge Limited has expanded its strategic partnership with Rolls-Royce to manufacture and supply fan blades for Pearl 700 and Pearl 10X engines. The agreement was signed at Rolls-Royce's Dahlewitz facility near Berlin. This expansion aligns with Rolls-Royce's goal to double its sourcing from India by 2030. Bharat Forge, currently the only company in India offering advanced technology for precision components in the Pearl engine family, achieved a milestone by delivering its first zero-defect fan blade. The Pearl 10X engine, part of this partnership, boasts over 18,000lb thrust and powers some of the largest business jets.

13Oct 25

Bharat Forge Faces Rs 1.54 Crore IGST Demand, Exploring Challenge Options

Bharat Forge Limited has received a duty demand order from the Office of the Commissioner of Customs (Imports) for alleged short payment of IGST on reimported goods. The order includes an IGST demand of Rs 1.54 crore, an equivalent penalty, applicable interest, and an additional fine of Rs 1.00 crore, totaling Rs 2.54 crore. The company plans to challenge the order and states it will not have a material impact on its operations or finances.

07Oct 25

Bharat Forge Faces Setback as Pune District Court Upholds Cantonment Board Assessment

Pune District Court dismissed Bharat Forge's appeal against Pune Cantonment Board's assessment notice and bills for FY 2023-24 and 2024-25 on October 1, 2025. Bharat Forge received the order on October 7, 2025, and is exploring options to challenge it. The company stated no immediate cash outflow or operational impact, as the demanded amount has been paid. This information was disclosed in compliance with SEBI regulations.

26Sept 25

Bharat Forge Joins Forces with BEML and Data Patterns for Advanced Medium Combat Aircraft Project

Bharat Forge Limited has entered into a Tripartite Memorandum of Understanding with BEML Limited and Data Patterns (India) Limited to support the Advanced Medium Combat Aircraft (AMCA) project. The partnership aims to participate in the Expression of Interest floated by the Aeronautical Development Agency. This collaboration brings together Bharat Forge's forging capabilities, BEML's defense manufacturing experience, and Data Patterns' expertise in defense electronics. The company also announced the closure of its trading window for designated persons until 48 hours after the declaration of Q2 financial results.

26Sept 25

Bharat Forge Faces Potential Impact as US Imposes 25% Tariffs on Heavy Truck Imports

The United States has implemented a 25% tariff on heavy truck imports, which could affect Bharat Forge, a key player in the heavy truck parts sector. This tariff may reshape the global automotive trade landscape and challenge international manufacturers and suppliers in the heavy truck industry. Bharat Forge, an Indian forging company with significant presence in the global automotive supply chain, may face shifts in its US market dynamics due to increased import costs. The situation underscores the importance of adaptability and diversification for companies in response to changing global trade policies.

23Sept 25

Bharat Forge Shares See Rs. 31.64 Crore Block Trade on NSE

A significant block trade of 250,719 Bharat Forge shares was executed on the National Stock Exchange (NSE) at Rs. 1,262.10 per share, totaling approximately Rs. 31.64 crores. This privately negotiated transaction between undisclosed parties represents a substantial movement of shares for the Indian multinational company.

15Sept 25

Bharat Forge Inks Strategic Partnership with Windracers for UAV Operations in India

Bharat Forge has signed a strategic MoU with UK-based Windracers at the DSEI exhibition to advance UAV operations in India. The partnership aims to leverage the UK-India Free Trade Agreement, facilitating aerospace technology transfer and innovation between the two countries. This collaboration aligns with the India-UK Vision 2035 and is expected to boost India's capabilities in the UAV sector, combining Bharat Forge's manufacturing expertise with Windracers' UAV technology.

11Sept 25

Bharat Forge Subsidiary Inks Landmark Artillery Deal with UAE Firm

Kalyani Strategic Systems Limited (KSSL), a subsidiary of Bharat Forge, has signed an agreement with MP3 International to supply 155mm howitzer barrels to the UAE. This marks the first such deal between an Indian and Emirati company for a critical defense component. The contract is expected to open up markets in Southeast Asia and the MENA region, while also strengthening India-UAE defense cooperation. Additionally, Bharat Forge has recently partnered with UK-based Windracers Limited to deploy heavy-lift drones across India for military and civil applications.

11Sept 25

Bharat Forge and Windracers Forge Strategic Partnership for Advanced UAV Operations in India

Bharat Forge Limited has signed a Memorandum of Understanding with UK-based Windracers Limited to collaborate on the deployment and localization of Windracers' ULTRA Unmanned Aerial Vehicle in India. The partnership aims to enhance India's UAV capabilities for both military and civil sectors. The ULTRA UAV offers a payload capacity of up to 150kg, a range of up to 1,000km, and 6-7 hours of endurance, making it suitable for various operations including naval carrier delivery and logistics support for the army and air force. This collaboration aligns with India's defence roadmap and the UK-India Free Trade Agreement, fostering technology transfer and innovation between the two countries.

05Sept 25

Bharat Forge Faces Decline in Truck Orders, Expands Defence Sector Presence

Bharat Forge faces a 14% decline in Class 8 truck orders and anticipates a 15% decrease for the 2025 cycle in its commercial vehicle segment. However, the company is strategically expanding in the defence sector. Its subsidiary, Agneyastra Energetics Limited, has acquired 949.65 acres in Anantapur District to develop an End-to-End Defence Energetics Manufacturing Complex. This complex will include facilities for high explosives, ammunition filling, gun propellants, and future expansion into rocket and missile systems energetics.

04Sept 25

Bharat Forge's Subsidiary Acquires 949.65 Acres for Defence Manufacturing Complex in Andhra Pradesh

Bharat Forge's subsidiary, Agneyastra Energetics Limited, has signed an agreement to purchase 949.65 acres of land in Madakasira, Anantapur District, Andhra Pradesh. The land will be used to develop an End-to-End Defence Energetics Manufacturing Complex, including facilities for high explosives, ammunition filling, and gun propellants. This move aligns with Bharat Forge's expansion plans in the defence sector and aims to enhance India's self-reliance in defence production.

29Aug 25

US Tariff Hike Could Slash Bharat Forge's EBITDA by 30%, Says Morgan Stanley

The Trump administration has increased tariffs on Indian exports to the US by 25%, bringing the total duty to 50%. This move significantly impacts Indian auto component manufacturers. Morgan Stanley analysis suggests Bharat Forge could face a 30% EBITDA impact, with 38% of its standalone revenue coming from the US market. Balkrishna Industries, with 10% of its topline from the US, may see a 10% EBITDA impact. Both companies previously managed partial cost pass-through to customers under a 10% tariff. Despite the news, Bharat Forge's stock closed up 0.23% at ₹1,124.50, while Balkrishna Industries fell 0.16% to ₹2,320.40.

22Aug 25

Bharat Forge Executes Block Trade Worth Rs. 57.44 Crores on NSE

Bharat Forge, a leading Indian multinational company, conducted a significant block trade on the National Stock Exchange (NSE). The transaction involved 502,651 shares at ₹1,142.80 per share, totaling ₹57.44 crores. This substantial trade highlights notable market activity for the stock, though the reasons and parties involved remain undisclosed. Bharat Forge is a key player in metallurgical engineering and the forging industry, supplying components to various sectors including automotive, power, oil and gas, construction, mining, aerospace, and marine industries.

21Aug 25

Bharat Forge Executes Block Trade Worth Rs. 71.19 Crores on NSE

Bharat Forge, a leading Indian multinational company, completed a significant block trade on the National Stock Exchange. The transaction involved 611,064 shares at Rs. 1,165.00 per share, totaling Rs. 71.19 crores. This block trade indicates substantial institutional interest in the company, which is known for its expertise in metallurgical engineering and serves various sectors including automotive, power, oil and gas, construction, mining, aerospace, marine, and rail.

11Aug 25

Bharat Forge Q1 Revenue Dips 2.7% Amid Global Uncertainties

Bharat Forge experienced a 2.7% year-on-year decrease in standalone revenue for Q1, reaching Rs 2,105.00 crores. Standalone EBITDA fell 6.5% to Rs 588.00 crores. Consolidated revenue increased by 1.5% to Rs 3,909.00 crores, with EBITDA at Rs 682.00 crores. The company secured new business worth Rs 850.00 crores across segments. US aluminum operations showed improvement with positive EBITDA. Bharat Forge expects Q2 to be weaker but anticipates a stronger second half. The recent acquisition of American Axle's India CV Assets is expected to add Rs 1,000.00 crores to consolidated revenue from Q2.

06Aug 25

Bharat Forge Inks ₹4.5 Billion Defence Business Transfer Deal with KSSL

Bharat Forge Limited has entered into a Business Transfer Agreement with its wholly-owned subsidiary, Kalyani Strategic Systems Limited (KSSL), to transfer its defence business assets and obligations for ₹4.50 billion. The deal includes an Intellectual Property Rights Licensing Agreement. This internal restructuring aims to streamline Bharat Forge's defence operations. The transaction won't affect the group's consolidated financial results. Bharat Forge's current defence order book stands at ₹9,463.00 crores, with expectations of securing new orders in the current fiscal year.

06Aug 25

Bharat Forge Stock Falls as Management Warns of Challenging Year Ahead

Bharat Forge's Q2 standalone revenue fell 10% to ₹2,105 crore, missing estimates. EBITDA dropped 12.4% to ₹571 crore with margin compression. Management warned of a challenging year ahead, citing concerns about US export business due to tariff and emission norm changes. The company's shares declined 1.8% to ₹1,139.90. Despite challenges, Bharat Forge expects new defense orders and plans to review its European steel manufacturing footprint.

06Aug 25

Bharat Forge Co MD Warns of Challenging US Export Business Outlook

Bharat Forge's Co-Managing Director expresses caution for the US export business due to market cycle challenges and geographical factors. Q1 results show mixed performance with standalone revenue at ₹2,105.00 crore, down 2.70% sequentially, and export revenue declining 12.70%. The company is focusing on diversification, cost optimization, and growth in the defence sector to counter challenges. US tariffs and emission regulation changes in North America are key factors influencing the outlook. Despite challenges, US and European operations showed improvement in the April-June quarter.

30Jul 25

Bharat Forge Expands Aerospace Footprint: Partners with Pratt & Whitney Canada and Plans New Ring Mill

Bharat Forge Limited (BFL) has announced a strategic partnership with Pratt & Whitney Canada for aerospace applications development. Additionally, BFL plans to establish a state-of-the-art ring mill dedicated to aerospace components, expected to be operational by 2026. The facility will produce high-performance products for aero-engine applications, adhering to global quality standards and supporting both domestic and international aerospace programs.

30Jul 25

Bharat Forge to Establish Advanced Ring Mill for Aerospace, Expanding Manufacturing Capabilities

Bharat Forge Limited (BFL) announces plans to construct a state-of-the-art ring mill facility for aerospace applications, following contracts with Pratt & Whitney Canada. The facility, expected to be operational by 2026, will produce high-performance components for aero-engine applications, adhering to global quality standards. This move expands BFL's aerospace manufacturing capabilities and supports both domestic and international aerospace programs, aligning with India's vision to become a global aerospace manufacturing hub.

18Jul 25

Bharat Forge Expands Global Defence Footprint with New Spanish Joint Venture

Bharat Forge's subsidiary, Kalyani Strategic Systems Limited (KSSL), has formed a joint venture with Duma Engineering Group S.L. in Spain. The new entity, Aegis Advanced Systems SL, was incorporated on July 17, 2025, with KSSL holding a 90% stake. The venture aims to develop defence technology and products for Indian, European, and other export markets. Initial investment by KSSL is EUR 2,700.00, with the company's authorized and paid-up capital set at EUR 3,000.00. This move is expected to enhance Bharat Forge's global defence presence and create growth opportunities in the sector.

17Jul 25

Bharat Forge Expands Global Defense Footprint with New Spanish Subsidiary

Bharat Forge's subsidiary, Kalyani Strategic Systems Limited (KSSL), has formed a joint venture named Aegis Advanced Systems SL in Spain. KSSL holds a 90% stake in the venture, investing EUR 2,700.00. The new entity aims to develop advanced technology and product platforms for defense markets in India, Europe, and other export destinations. The authorized capital of the company is EUR 3,000.00, fully paid up. This move is expected to enhance Bharat Forge's capabilities in the defense sector and provide access to new markets.

04Jul 25

Defence Stocks Surge as Rs 1.05 Lakh Crore Acquisition Proposals Approved

The Defence Acquisition Council has approved ten capital-acquisition proposals worth Rs 1.05 lakh crore under the Buy (Indian-IDDM) category. The approvals include armoured recovery vehicles, electronic warfare systems, surface-to-air missiles, and an integrated common inventory management system for tri-services. This move is expected to boost the Indian defence sector and support the 'Make in India' initiative by promoting indigenous defence manufacturing.

03Jul 25

Defence Stocks: Rs 1.05 Lakh Crore Acquisition Proposals Approved

The Defence Acquisition Council has approved 10 capital-acquisition proposals worth Rs 1.05 lakh crore under the Buy (Indian-IDDM) category. The approved equipment includes armoured recovery vehicles, electronic warfare systems, surface-to-air missiles, and an integrated common inventory management system for tri-services. This move aligns with the government's push for self-reliance in defence production and is expected to create opportunities for domestic defence manufacturers.

03Jul 25

Bharat Forge Expands Defence Capabilities with New Subsidiary 'Agneyastra Energetics'

Bharat Forge has incorporated a new step-down subsidiary named 'Agneyastra Energetics' to strengthen its presence in the defence sector. This strategic move aims to expand the company's defence capabilities, potentially leading to new product offerings, enhanced technological capabilities, and increased market share in the defence industry. The incorporation of Agneyastra Energetics aligns with Bharat Forge's broader strategy to diversify its portfolio and capitalize on opportunities in the growing defence market.

03Jul 25

Bharat Forge: Last Day to Buy Shares for Rs 6 Final Dividend Eligibility

Bharat Forge has declared a final dividend of Rs 6 per share for FY2025. July 3 is the last day to purchase shares to qualify for the dividend, with the record date set for July 4. Despite a 7.5% decline in Q4 revenue, the company reported increased net profit and improved EBITDA. The EBITDA margin also saw an uptick, indicating enhanced operational efficiency.

03Jul 25

Bharat Forge Faces Headwinds as U.S. Class 8 Truck Orders Plummet in June

Bharat Forge may encounter difficulties due to a significant downturn in U.S. Class 8 truck orders. June saw a 36% year-over-year drop in orders, totaling only 8,900 units, well below the 10-year average of 19,213. This decline could lead to reduced demand for Bharat Forge's components, potentially impacting its revenue from North American operations. The company might need to adjust its production and supply chain strategies in response to this market slowdown.

02Jul 25

Bharat Forge Expands Manufacturing Footprint with Acquisition of AAM India

Bharat Forge has completed the acquisition of AAM India Manufacturing Private Limited, enhancing its manufacturing capabilities in the auto component sector. This strategic move is expected to increase production capacity, potentially provide access to new technologies, and strengthen Bharat Forge's market position. The acquisition aligns with the company's growth strategy and may lead to operational synergies and improved competitiveness.

30Jun 25

Bharat Forge Reshapes Business: Defence Unit Transfer and AAM India Acquisition

Bharat Forge's Board of Directors has approved two major corporate actions. The company will transfer its defence business to KSSL and acquire AAM India for 7.70 billion rupees. These strategic moves aim to streamline operations and expand the company's portfolio, potentially impacting its position in both defence and automotive sectors.

18Jun 25

Bharat Forge Inks MoU with French Firm for Advanced UAV Production in India

Bharat Forge has signed an MoU with French company Turgis Gaillard to introduce AAROK, a medium-altitude long-endurance UAV, to the Indian market. The agreement includes local production of the UAV, supporting the 'Make in India' initiative. This collaboration aims to enhance India's defense capabilities, particularly in aerial reconnaissance. The primary customers for this advanced UAV system will be the Indian armed forces.

17Jun 25

Bharat Forge Inks MoU with French Firm for Advanced UAV Technology

Bharat Forge Ltd. has signed a Memorandum of Understanding with French company Turgis Gaillard to acquire unmanned aerial vehicle (UAV) technology. The agreement focuses on the transfer of Aarok, a Medium-Altitude Long-Endurance (MALE) class UAV designed for long-range surveillance missions. Bharat Forge will establish an Aarok production line at its facility, aligning with India's 'Make in India' initiative. This move is expected to enhance Bharat Forge's aerospace capabilities and strengthen its position in the defense sector.

17Jun 25

Bharat Forge Enters UAV Market with Turgis Gaillard Partnership

Bharat Forge has announced a partnership with French aerospace company Turgis Gaillard to introduce the Aarok Unmanned Aerial Vehicle (UAV) to India's defense forces. This collaboration marks Bharat Forge's strategic entry into the defense sector, aligning with India's push for self-reliance in defense technology. The partnership aims to enhance Indian defense capabilities by offering advanced aerial reconnaissance and surveillance through the Aarok UAV. This move represents a significant diversification for Bharat Forge, traditionally known for metal forming, as it positions itself in India's growing indigenous defense production market.

10Jun 25

Bharat Forge to Receive Mountain Gun System Technology from DRDO

The Defence Ministry has directed DRDO to transfer important technologies, including the Mountain Gun System, to Bharat Forge. This transfer is expected to significantly enhance Bharat Forge's defence capabilities, especially in producing advanced artillery systems for mountainous terrains. The move aligns with India's 'Make in India' initiative and aims to boost indigenous defence production. It's likely to expand Bharat Forge's product portfolio and increase its competitiveness in domestic and international defence markets.

29May 25

Bharat Forge Poised to Ramp Up Defence Production Capacity

Bharat Forge has announced its readiness to increase defence production capacity to meet growing sector demands. This move aligns with India's push for self-reliance in defence manufacturing and could open new revenue streams for the company. While specific details are not disclosed, this proactive approach signals Bharat Forge's intent to capitalize on opportunities in the defence sector.

28May 25

Bharat Forge Wins Legal Battle in Delhi High Court

Bharat Forge Limited and its subsidiary, BF Infrastructure, secured a significant legal victory in the Delhi High Court on May 26, 2025. The court ruled in favor of the companies, allowing their appeal. While specific details of the case remain undisclosed, this ruling is expected to have important implications for Bharat Forge's operations and legal standing.