During the year, BFL acquired erstwhile Sanghvi Forging & Engineering Limited (SFEL) for ₹ 900 million. SFEL is engaged in the manufacture of open die forging products for the oil & gas, defence, ship building, power & other sectors. This facility complements the existing open die facility at Mundhwa and expands our Industrial manufacturing presence in India.
ISO 9001, ISO 14001, TS 16949, AS 9100 REV C, NADCAP, API Q1 and PED 97/23/EC
At Bharat Forge, we see significant opportunities going ahead which will necessitate us to enhance our capacities and competencies. In FY 2022, we spent ₹ 3,783 million on CAPEX towards various programs. We also invested in inorganic growth including:
Consideration for acquisition of Sanghvi Forgings & Engineering which provided additional forging capacity of 20,000 TPA
© Bharat Forge 2022 - Terms of Use - Privacy Policy