The Bharat Forge stock extended its gains over the past three days to eight per cent on a multi-year supply contract with Boeing and Kalyani Group’s joint venture with Israel’s Rafael Advanced Defense Systems.
Shares of Bharat Forge were trading higher by 3.5% at Rs 1,265 on NSE after the company announced it has signed a multi-year contract with Boeing Commercial Airplane to supply titanium forgings for wing components for the Next-Generation 737 and 737 MAX.
Boeing said it had signed a multi-year contract with Pune-based Bharat Forge to supply titanium forgings to be used in the wings of next-generation 737 and 737 MAX. The aircraft manufacturer made the announcement at the Aero India show here on Wednesday.
Forging major Bharat Forge’s plan to develop a special economic zone (SEZ) in Pune have suffered a setback. Farmers from whom the company acquired 1,750 hectares of land in 2007 are protesting against the delay in the project.
The Bharat Forge stock gained about 14 per cent over the past week on higher sales of heavy trucks in the US, defence sector and other 'Make in India' opportunities and expectations of strong December quarter results.
Bharti Infratel and Bharat Forge are likely to be added to the exchange-traded fund (ETF) "tracked by overseas investors" buying list in the upcoming rebalancing, says a report by Kotak Institutional Equities.
Alstom Bharat Forge Power Ltd (ABFPL), the joint venture company between Alstom and Bharat Forge, has signed a contract worth approximately $130 million (Rs 1,136.5 crore) with NTPC Limited to supply two units of 660 MW supercritical turbine islands for
Pune-based KPIT Technologies Ltd, a software consulting and product engineering solutions firm, has informed BSE that has acquired the 50 per cent stake held by Bharat Forge in Impact Automotive Solutions for Rs 10.80 crore.