BHARATFORG

** 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)

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** 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)

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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

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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

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

• BHARAT FORGE LTD - CO AND VEDA AERONAUTICS SIGN MOU FOR UAV DEVELOPMENT

• BHARAT FORGE LTD - TO SUPPLY MICRO JET ENGINES FOR UNMANNED SYSTEMS

Source text: ID:nBSE20kTPL

Further company coverage: BFRG.NS

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

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

(Bengaluru newsroom)

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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

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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

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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

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

• RAISES 16.50 BILLION RUPEES THROUGH QIP

Source text: ID:nBSE4NxW4Y

Further company coverage: BFRG.NS

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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

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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

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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

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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

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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

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** 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)

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** 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)

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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

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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

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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

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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

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** 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)

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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

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Feb 7 (Reuters) - Bharat Forge Ltd BFRG.NS:

• TO CONSIDER RAISING FUNDS VIA TERM LOAN, NON-CONVERTIBLE DEBENTURES OR ANY OTHER DEBT INSTRUMENTS

Source text for Eikon: ID:nBSE4dSk9D

Further company coverage: BFRG.NS

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Jan 9 (Reuters) - Bharat Forge Ltd BFRG.NS:

• ENTERED INTO A MEMORANDUM OF UNDERSTANDING (MOU) WITH GUIDANCE, NODAL AGENCY OF GOVERNMENT OF TAMIL NADU

• MOU FOR INVESTING UP TO 10 BILLION RUPEES

Source text for Eikon: ID:nBSEcd45qz

Further company coverage: BFRG.NS

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Dec 7 (Reuters) - Bharat Forge Ltd BFRG.NS:

• UNIT PROPOSING TO ACQUIRE A MAJORITY STAKE IN ZORYA MASHPROEKT INDIA

• KSSL WILL SUBSCRIBE TO 500,000 EQUITY SHARES EACH OF ZMI AT FAIR VALUE

Source text for Eikon: ID:nBSEbRQrsn

Further company coverage: BFRG.NS

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Nov 6 (Reuters) - Bharat Forge Ltd BFRG.NS:

• SEPT-QUARTER CONSOL PROFIT 2.15 BILLION RUPEES VERSUS PROFIT 1.42 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 37.74 BILLION RUPEES VERSUS 30.76 BILLION RUPEES

Source text for Eikon: ID:nBSE7hXBqt

Further company coverage: BFRG.NS

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Nov 1 (Reuters) - Bharat Forge Ltd BFRG.NS:

• BHARAT FORGE LTD - APPROVED ADDITIONAL INVESTMENT IN KPTL

• BHARAT FORGE LTD - AGGREGATE INVESTMENT IN KPTL NOT EXCEEDING 330 MILLION RUPEES

Source text for Eikon: ID:nBSE807lQc

Further company coverage: BFRG.NS

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

• PARAMOUNT ANNOUNCED BROADENING OF ITS DEVELOPMENT AND MANUFACTURING PARTNERSHIP WITH CO, KALYANI STRATEGIC SYSTEMS

Source text for Eikon: ID:nBSE6nBgV8

Further company coverage: BFRG.NS

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Aug 28 (Reuters) - Bharat Forge Ltd BFRG.NS:

• JV KALYANI RAFAEL ADVANCED SYSTEMS PRIVATE LIMITED SECURES CONTRACT WORTH 2.88 BILLION RUPEEES

• ORDER FROM INDIAN MINISTRY OF DEFENCE FOR SUPPLY OF MISSILE SYSTEMS

Source text for Eikon: ID:nBSE5N6RSc

Further company coverage: BFRG.NS

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