Bharat Forge jumps as its arm inks technology licensing agreement with Compal Electronics
Bharat Forge is currently trading at Rs. 1085.50, up by 28.05 points or 2.65% from its previous closing of Rs. 1057.45 on the BSE.
The scrip opened at Rs. 1071.85 and has touched a high and low of Rs. 1089.95 and Rs. 1067.05 respectively. So far 27215 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1826.20 on 21-Jun-2024 and a 52 week low of Rs. 1001.80 on 28-Feb-2025.
Last one week high and low of the scrip stood at Rs. 1089.95 and Rs. 1001.80 respectively. The current market cap of the company is Rs. 52020.82 crore.
The promoters holding in the company stood at 44.07%, while Institutions and Non-Institutions held 46.38% and 9.55% respectively.
Bharat Forge’s wholly-owned subsidiary -- Kalyani Powertrain has entered into a Technology licensing agreement with Compal Electronics, Inc for manufacturing of X86 platform servers in India. The two parties have signed a Memorandum of Understanding (MoU) to develop server business using locally manufactured solution in India, echoing the Indian government’s ‘Make in India’ policy. Compal Electronics will provide Kalyani Powertrain with technological support related to servers, including overseeing local production, assembly, testing activities, and final sales.
Additionally, the electronics division of Kalyani Powertrain announced the launch of Made in India servers from their state of art manufacturing facility at Pune, Maharashtra in February 2025.
Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.
