Bharat Forge Ltd. reported results for the June quarter on August 10. The firm reported a net loss of ₹90 crore, compared to a net profit ₹284 crore i…
1/5Marine & Defence | Bharat Forge has secured a large order for marine gas turbine generators for Kolkata-class ships. Its new Jejuri defence facility is expected to enter serial production this year for ATAGS and CQB carbine deliveries, although ATAGS approval faces a procedural delay of a few weeks
2/5New Facilities | Bharat Forge is commissioning new manufacturing facilities, including a ring mill and forging facility in Baramati. It is also developing an energetics plant in Andhra Pradesh and a mega aerospace site in Odisha, with the latter expected to begin operations about 2.5 years after approvals.
3/5Labour Update | Bharat Forge said Q1 FY27 saw unexpected manpower challenges as contract and migrant workers returned home amid the Iran war and LPG crisis, affecting steel companies and suppliers. Manpower availability has now normalised to around 70–75%, while some migrant or casual labor has not yet returned. Company said that supply challenges in the middle of Q1 FY27 were partly due to labor issues in the steel sector.
4/5M&A Outlook | Bharat Forge sees M&A opportunities in India, with past acquisitions such as JSA and K-Drive proving fruitful. The company said it is evaluating current opportunities but cannot disclose details due to non-disclosure agreements.
5/5ESG Strategy | Bharat Forge is awaiting environmental clearance for its planned mega site in Odisha, with local, central and forest approvals causing delays. Management expects all approvals by year-end, after which the first plant is expected to become operational in about 2.5 years, with part of the recent fundraise allocated to the project.
