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Bharat Forge expects rapid growth in e-mobility and aerospace businesses

Bharat Forge expects significant growth in its electric mobility and aerospace businesses due to rapid electrification in the automobile sector and a strong order book. The company s deputy managing director, Amit Kalyani, stated that these businesses will become multi-million dollar verticals over the next five years. Bharat Forge s e-mobility arm, Kalyani Powertrain Limited, recently unveiled a retrofitted electric truck that can be installed in existing diesel or compressed natural gas-powered vehicles at half the cost of a new electric truck. The company aims to sell thousands of these retrofitted units annually.

Stock Market Live Updates: Nifty opens above 20130, Sensex gains 140 pts; Bajaj Auto jumps over 3%, HUL sheds

Stock Market Live Updates: Nifty opens above 20130, Sensex gains 140 pts; Bajaj Auto jumps over 3%, HUL sheds
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Bharat Forge Q1 results: Net profit up 34% at Rs 213 crore

The Pune-headquartered company s EBITDA increased 41 percent to Rs 617 crore driven by capacity utilization.

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