Bharat Forge to invest nearly Rs 345 crore in subsidiary that oversees European manufacturing

Bharat Forge had recently raised funds through a QIP issue, and will be deploying a part of the proceeds into BFGH, to help repay or prepay certain outstanding borrowings.

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26 Aug, 2025 12:21

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The board of Bharat Forge has approved an investment of Euro 39 million, or Rs 345 crore, into Bharat Forge Global Holding (BFGH), a subsidiary that has investments in Europe, the company said in a statement on December 24.

Bharat Forge had recently raised funds through a QIP issue, and will be deploying a part of the proceeds into BFGH, to help repay or prepay certain outstanding borrowings. The issue saw significant interest across domestic and qualified institutional investors, with more than ten times demand for the issue size.

BFGH, incorporated in December last year, is a holding company with investments in manufacturing subsidiaries in Germany, Sweden and France.

BFGH had a turnover of Euro 5.11 million during CY23.

In November, the forging company has given an in-principle nod to invest Rs 1,122 crore in three subsidiaries - Bharat Forge Global, Bharat Forge America and Kalyani Powertrain.

Bharat Forge has indicated it expects stable performance in the second half of the financial year, with a focus on improving revenue and profitability in its subsidiaries.

On a YTD basis, shares of Bharat Forge are higher by 6.2%.