International Operations Rejuvenated to Deliver in the Long run

Our international operations, that were delivering subpar performance, had been a drag to our consolidated business. Multiple years of efforts towards turning around their financial performance through product and cost rationalization, improving productivity and shifting to a favorable product mix have culminated to set the stage for sustainable 10%+ margins going forward.

FY 2022: A Year of Positive Outcomes

Aluminum facilities commercialized

We successfully commercialized our aluminum forging facility in North Carolina, US. This is a 10,000 MTPA plant.

Operational efficiency attained

With sustained efforts around cost rationalization and productivity improvement, the overseas operations delivered an EBITDA margin of ~11% in CY 2021.

Progressing to be a Global Aluminum Forgings Leader

In FY 2022, Bharat Forge successfully completed aluminum forging capacity capex. We now have two plants for operating in the aluminum forgings segment – in the US and Germany. These units will work synergistically to target opportunities and cater to the requirements of international OEMs. There is a strong focus on moving up the learning curve in the emerging technology of electric vehicles to become a preferred partner.

Forging Press at BFAL US