BHARATFORG

Bharat Forge Ltd BFRG.NS:

• BHARAT FORGE - HIGH COURT ALLOWED CO'S APPEAL

Source text: ID:nnAZN3WJ7WY

Further company coverage: BFRG.NS

April 23 (Reuters) - Bharat Forge Ltd BFRG.NS:

• BHARAT FORGE LTD - RECEIVES CCI APPROVAL FOR AAM INDIA ACQUISITION

Source text: ID:nBSE501DzD

Further company coverage: BFRG.NS

(([email protected];;))

April 22 (Reuters) - Bharat Forge Ltd BFRG.NS:

• INDIA COMPETITION WATCHDOG: APPROVES ACQUISITION OF AAM INDIA MANUFACTURING CORP BY BHARAT FORGE WITH VOLUNTARY MODIFICATIONS

Source text: [ID:]

Further company coverage: BFRG.NS

(([email protected];;))

April 15 (Reuters) - India's auto shares jumped 3% on Tuesday, led by gains in auto parts makers after U.S. President Donald Trump suggested he might grant exemptions on auto-related import tariffs.

Shares of India's biggest component maker by market capitalisation, Samvardhana Motherson SAMD.NS, jumped 7%, while other U.S.-reliant parts makers Bharat Forge BFRG.NS and Sona BLW SONB.NS rose over 6% each.

Tata Motors, whose luxury unit Jaguar Land Rover (JLR), gets about a quarter of its sales from the U.S., rose 5% on the day.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)

(([email protected]; Mobile: +91 9591011727;))

Updates share levels throughout, adds background, milestones, brokerage ratings in paragraphs 5-9

April 7 (Reuters) - Shares of India's Tata Motors TAMO.NS sank 10% on Monday, set for their worst day in over three years, as its luxury car unit Jaguar Land Rover paused exports of its British-made cars to the U.S. after President Donald Trump's 25% tariff came into effect.

The slide on the day has taken the stock's tumble to 22% since Trump announced the import duties on March 26. In that period the benchmark Nifty 50 .NSEI has dropped 6.3%, including a 4% slump on the day.

The United States is the second-biggest importer of British-made cars after the European Union, with nearly a 20% share, data from industry body SMMT shows.

The U.S. was one of JLR's only growth markets last year and accounts for more than a quarter of its global sales of Range Rover Sports, Defenders and other models.

JLR's sales, in turn, account for two-thirds of Tata Motors' revenue and a significant part of its profit and cash flow.

That has made Tata Motors one of the biggest losers among auto stocks since the tariffs were announced, with its 22% slide more than double the roughly 10% drop in the broader auto .NIFTYAUTO index.

Besides Tata, the other carmakers in the 15-member auto index do not export to the U.S. However, the index includes many component makers that have an indirect exposure, such as Bharat Forge BFRG.NS, which supplies Tesla TSLA.O.

Bharat Forge's stock also tumbled about 10% on the day.

Brokerage CLSA said in a note last week that it expects a 14% drop in JLR's overall volumes in the fiscal year to March 2026, led by a 26% drop in U.S. sales on the back of tariffs.

Analysts still rate Tata's stock "buy" on average, according to data compiled by LSEG, similar to its Indian peers.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D'Souza)

(([email protected]; Mobile: +91 9591011727;))

Rewrites throughout to include Indian auto parts makers, global peers' share moves

March 27 (Reuters) - India's Tata Motors TAMO.NS and the country's auto parts makers that supply Tesla TSLA.O, among others, dropped on Thursday after U.S. President Donald Trump announced plans for 25% tariffs on all imported cars and auto parts.

Tata Motors slid 5%, while Tesla's biggest Indian supplier, Sona Comstar SONB.NS, dropped over 4%, leading to a 1.2% drop in the auto sector .NIFTYAUTO in the world's third-largest auto market.

The 25% tariffs on cars and light trucks imported into the U.S. will start on April 2, while tariffs on auto parts will take effect from May 3. The news rocked the auto sector globally, with Tesla CEO Elon Musk saying the impact on the EV maker is "significant."

The U.S. is a top destination for Tata Motors-owned Jaguar Land Rover's (JLR) luxury cars, which are imported from plants in the UK and Slovakia.

Among other stocks, Samvardhana Motherson SAMD.NS, India's biggest auto parts supplier, fell over 2%, while Bharat Forge BFRG.NS, which also supplies Tesla, was down 0.4%.

The U.S., Samvardhana's top market along with India, accounts for 20% of its total revenue. North America, led by the U.S., forms a steeper 40% of Sona Comstar's revenue.

The day's decline also mirrors share moves of larger global carmakers, from Toyota 7203.T and Hyundai 005380.KS, to Stellantis STLAM.MI and Ford F.N, all of which fell after Trump's announcement.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D'Souza)

(([email protected]; Mobile: +91 9591011727;))

March 26 (Reuters) -

• INDIA GOVERNMENT: DEFENCE MINISTRY SIGNS CONTRACTS WITH BHARAT FORGE, TATA ADVANCED SYSTEM TO BUY ARTILLERY GUNS AND GUN TOWING VEHICLES FOR 69 BILLION RUPEES

Further company coverage: BFRG.NS

(([email protected];))

** Bharat Electronics Ltd (BEL) BAJE.NS up 3%, while L&T LART.NS and Bharat Forge BFRG.NS up ~2%

** Brokerages list the trio as likely beneficiaries on approval of India's $6 billion defence purchases

** Macquarie says companies across the value chain should benefit; sees BEL and L&T as top picks in sector

** Bharat Forge, says Morgan Stanley, should get $535 mln rev from 307 advanced towed artillery gun systems (ATAGS) purchases

** BEL shares up 3.5% YTD, while Nifty 50's .NSEI is off 0.3%; Bharat Forge has dropped 7.3%, exchange data shows

** L&T's days gains helped by Qatar Energy project win; still stock is down ~4% YTD

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Bharat Forge BFRG.NS jump 2.9% to 1,087.15 rupees

** BFRG, which makes safety and critical components for different sectors, said its unit entered a deal with Taiwan's Compal Electronics 2324.TW

** Deal for manufacturing platform servers used in central processing units of computers

** BFRG rated "hold" on avg, median PT at 1,225 rupees - data compiled by LSEG

** Stock down ~19% YTD

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Feb 24 (Reuters) - Bharat Forge Ltd BFRG.NS:

• BHARAT FORGE LTD - KALYANI POWERTRAIN COLLABORATES WITH AMD

• BHARAT FORGE LTD - COLLABORATION TO INTRODUCE ADVANCED EPYC SERVER TECHNOLOGIES TO INDIA

Source text: ID:nBSEqQhZN

Further company coverage: BFRG.NS

(([email protected];;))

Feb 19 (Reuters) - Bharat Forge Ltd BFRG.NS:

• KSSL AND AM GENERAL SIGN LOI FOR CANNON SUPPLY TO U.S.

Source text: ID:nBSEGsVgS

Further company coverage: BFRG.NS

(([email protected];;))

Feb 12 (Reuters) - Bharat Forge Ltd BFRG.NS:

• BHARAT FORGE LTD - CO AND LIEBHERR ANNOUNCE COLLABORATION ON AEROSPACE MANUFACTURING FACILITY

• BHARAT FORGE LTD - TO SET UP MANUFACTURING FACILITY IN PUNE, OPERATIONAL IN 2025

Source text: ID:nBSEN57hF

Further company coverage: BFRG.NS

(([email protected];))

- Source link: (https://bit.ly/42vKhiZ)

- Note: Reuters has not verified this story and does not vouch for its accuracy

(Bengaluru newsroom)

(([email protected]; +91 80 6749 1310;))

Dec 24 (Reuters) - Bharat Forge Ltd BFRG.NS:

• BHARAT FORGE - APPROVES €39 MILLION INVESTMENT INTO BFGH

Source text: ID:nBSE7ZKP5M

Further company coverage: BFRG.NS

(([email protected];))

Dec 23 (Reuters) - Bharat Forge Ltd BFRG.NS:

• BHARAT FORGE LTD - APPROVES $64.50 MILLION INFUSION INTO BFA

Source text: ID:nNSE9ZXSMs

Further company coverage: BFRG.NS

(([email protected];;))

Dec 13 (Reuters) - Bharat Forge Ltd BFRG.NS:

• BHARAT FORGE LTD - APPROVES ADDITIONAL INVESTMENT IN KALYANI POWERTRAIN

• BHARAT FORGE LTD - TO INVEST 480 MILLION RUPEES IN KALYANI POWERTRAIN

Source text: ID:nBSE2gbxH7

Further company coverage: BFRG.NS

(([email protected];))

Dec 10 (Reuters) - Bharat Forge Ltd BFRG.NS:

• RAISES 16.50 BILLION RUPEES THROUGH QIP

Source text: ID:nBSE4NxW4Y

Further company coverage: BFRG.NS

(([email protected];;))

Nov 19 (Reuters) - Bharat Forge Ltd BFRG.NS:

• PARTICIPATES IN CONTRACT NEGOTIATION PROCESS WITH GOVERNMENT OF INDIA

• PARTICIPATES IN CONTRACT NEGOTIATION PROCESS FOR ADVANCED TOWED ARTILLERY GUN SYSTEM

• NEGOTIATION PROCEDURE EXPECTED TO CONCLUDE BEFORE END OF CURRENT FINANCIAL YEAR

Source text: ID:nBSEDN34T

Further company coverage: BFRG.NS

(([email protected];;))

Nov 14 (Reuters) - Bharat Forge Ltd BFRG.NS:

• BHARAT FORGE SEPT-QUARTER CONSOL PROFIT 2.43 BILLION RUPEES

• BHARAT FORGE SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 36.89 BILLION RUPEES

• IN-PRINCIPLE APPROVAL FOR 11.22 BLN RUPEES INVESTMENT IN THREE UNITS

Source text: ID:nBSE8CvF1p

Further company coverage: BFRG.NS

(([email protected];;))

Aug 22 (Reuters) - Bharat Forge Ltd BFRG.NS:

• BHARAT FORGE - APPROVED ADDITIONAL INVESTMENT IN KPTL

• BHARAT FORGE - APPROVED ADDITIONAL INVESTMENT IN KPTL WORTH 1.05 BILLION RUPEES

Source text for Eikon: ID:nBSE55XZcs

Further company coverage: BFRG.NS

(([email protected];))

Aug 8 (Reuters) - Bharat Forge Ltd BFRG.NS:

• BHARAT FORGE Q1 CONSOL PROFIT 1.75 BILLION RUPEES

• BHARAT FORGE Q1 CONSOL REVENUE FROM OPERATIONS 41.06 BILLION RUPEES

• BHARAT FORGE - TO RAISE FUNDS WORTH 20 BILLION RUPEES

• BHARAT FORGE - CLOSURE OF INDIGENOUS IL, NON-OPERATIONAL UNIT

• BHARAT FORGE- CONVERSION OF $12 MLN LOAN TO BHARAT FORGE AMERICA INC. INTO EQUITY

• BHARAT FORGE- TRANSFER OF 39.43% STAKE IN TMJ ELECTRIC TO BHARAT FORGE INTERNATIONAL

• BHARAT FORGE- TO TRANSFER STAKE IN REFU DRIVE GMBH TO KPTL FOR €11.509 MILLION

• 
  

Source text for Eikon: [ID:]

Further company coverage: BFRG.NS

(([email protected];))

June 3 (Reuters) - Bharat Forge Ltd BFRG.NS:

• DEREGISTRATION OF KALYANI STRATEGIC SYSTEMS AUSTRALIA PTY LTD

Source text for Eikon: ID:nBSE6Fm7p6

Further company coverage: BFRG.NS

(([email protected];))

** Shares of Bharat Forge BFRG.NS up as much as 9.4% to a record high of 1,356.75 rupees; last up 5.6%

** BFRG reported a near 78% Y/Y jump in its March-qtr consolidated profit to 2.27 bln rupees ($27.2 mln)

** Revenue from operations rose about 15%

** FY25 is expected to see growth driven by the defence and industrial casting businesses, along with improved capacity utilization in overseas operations - BFRG

** This turnaround, combined with margin enhancements across other verticals, expected to drive strong profitability growth in FY25 - co

** BRGF recommends final dividend of 6.50 rupees per share

** Average rating of 24 analysts covering the stock is "hold"; median PT is 1,226 rupees - LSEG data

** Stock up 5.5% so far this year

($1 = 83.5061 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

** Shares of Bharat Forge Ltd BFRG.NS up 7.5% at 1,313.15 rupees

** BofA Securities upgrades forged truck components maker to "buy" from "underperform," raises PT to Street-high 1,450 rupees from 1,000 rupees

** Brokerage says BHRG's underperformance to global truck makers and Indian auto parts makers makes it "stand out"

** Adds, co will also benefit as India sources more defense equipment locally, and as European automakers increase sourcing of components from India, while revenue from truck parts will not fall as severely as expected

** Raises BFRG valuation to 18x EV/EBITDA vs 15x before

** Analysts tracking BFRG rate it "hold" on avg; median PT is 1,202 rupees - LSEG data

** BFRG erases YTD losses to trade up 6.1%, trails Nifty Auto index's .NIFTYAUTO 18% rise

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

April 3 (Reuters) - Bharat Forge Ltd BFRG.NS:

• APPROVED RE-APPOINTMENT OF AMIT KALYANI AS WHOLE-TIME DIRECTOR DESIGNATED AS VICE-CHAIRMAN AND JOINT MANAGING DIRECTOR

Further company coverage: BFRG.NS

(([email protected];))

March 29 (Reuters) - Bharat Forge Ltd BFRG.NS:

• BHARAT FORGE LTD - G. K. AGARWAL WILL BE SUPERANNUATING AS DIRECTOR AND DEPUTY MD

Source text for Eikon: ID:nBSE3vtMh0

Further company coverage: BFRG.NS

(([email protected];;))

March 5 (Reuters) - Bharat Forge Ltd BFRG.NS:

• INFUSED FUNDS IN BHARAT FORGE GLOBAL HOLDING GMBH

• INFUSED FUNDS IN BHARAT FORGE GLOBAL HOLDING GMBH AT EURO 20 MILLION

Source text for Eikon: ID:nBSE1vRJqY

Further company coverage: BFRG.NS

(([email protected];))

Feb 22 (Reuters) - Bharat Forge Ltd BFRG.NS:

• BHARAT FORGE LTD - INFUSED FUNDS IN UNIT BHARAT FORGE GLOBAL HOLDING GMBH

• BHARAT FORGE LTD - EURO 15 MILLION TO BE INVESTED IN UNIT IN FORM OF CAPITAL RESERVE

Source text for Eikon: ID:nBSE69chSc

Further company coverage: BFRG.NS

(([email protected];))

** Shares of Bharat Forge BFRG.NS fall 6% to 1,063 rupees, taking losses in past two days to 19%

** Stock posts worst two-day slide in ~4 yrs as analysts flag concerns on near-term growth outlook after its Q3 results

** Brokerage Elara Capital flags tepid volume growth, while Phillip Capital sees moderation of growth in near term

** Weakening of European/U.S. economies pose a challenge ahead for core segments such as oil and gas, Nuvama says

** Adds, this coupled with lower MHCV and PV growth shall lead to moderation in revenue, EBITDA over FY23-26

** Avg rating of analysts on BFRG at "hold"; median PT is 1,180 rupees - LSEG

** Stock extends YTD losses to ~12% after rising for four straight years

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

Feb 12 (Reuters) - Bharat Forge Ltd BFRG.NS:

• DEC-QUARTER CONSOL PROFIT 2.54 BILLION RUPEES VERSUS 787.2 MILLION RUPEES YEAR AGO

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 38.66 BILLION RUPEES VERSUS 33.53 BILLION RUPEES YEAR AGO

• INTERIM DIVIDEND 2.50 RUPEES PER SHARE

• APPROVED RAISING FUNDS NOT EXCEEDING 5 BILLION RUPEES

Further company coverage: BFRG.NS

(([email protected];))