Acquisition

Bharat Forge has approved a substantial cash infusion of up to Rs. 240 Cr into its wholly-owned subsidiary, Kalyani Strategic Systems Limited (KSSL). KSSL, a key player in the defense industry, manufactures defense platforms and systems.

This strategic investment aims to further strengthen KSSL's core business and enable its future growth, including potential investments in its own subsidiaries.

With KSSL reporting a turnover of Rs. 1,224.47 Cr last fiscal, this move underscores Bharat Forge's commitment to expanding its footprint and capabilities within the rapidly growing defense sector.