8/8/2024, 1:19:02 pm

Bharat Forge board approves Rs 2000 cr fundraising; reports mixed Q1 result

Bharat Forge's board has approved a plan to raise up to Rs 2,000 crore through issuing shares and debt. The decision comes as the company reported a mixed performance for the first quarter. For Q1, Bharat Forge saw a 13.5% decline in net profit, amounting to Rs 269.4 crore compared to Rs 312 crore in the same period last year.