Bharat Forge stock in focus after co approves $64.50 mn infusion in BFA

Shares of Bharat Forge are likely to remain in focus today after the company announced it will infuse $64.50 million into Bharat Forge America (BFA), its wholly owned subsidiary.

“In furtherance of the powers delegated by the Board of the Company, the Investment Committee (Strategic Business) of the Company, at its meeting held on December 23, 2024, approved the infusion of $64.50 million by Bharat Forge Limited into BFA,” the company said in its filing to the stock exchange.

Out of the total fund infusion, $19.50 million will be retained by BFA, $30 million will be invested by BFA into Bharat Forge Aluminum USA, a wholly owned subsidiary of BFA, and the remaining $15 million will be invested by BFA into Bharat Forge PMT Technologie, another wholly owned subsidiary of BFA.


The entire infused amount will be utilized for the repayment/pre-payment of certain outstanding borrowings by the respective entities, the company stated.

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The shares of Bharat Forge have increased by 7.9% in the last year and by nearly 4% in the current calendar year so far. However, in the shorter term, the stock has given negative returns, decreasing by 26% in the last 6 months and by 18.11% in the last 3 months.

On the charts, Bharat Forge shares are oscillating near the 39 mark on the relative strength indicator (RSI), which is slightly above the oversold territory.

Bharat Forge shares closed 1.3% higher at Rs 1,296.40 on the BSE on Monday.

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