News

Kalyani Powertrain Limited has completed the divestment of its entire 50% equity stake in REFU Drive GmbH to REFU Elektronik GmbH, effectively ending the joint venture relationship, according to a regulatory filing by Bharat Forge Limited on September 2, 2026.

Net loss of Bharat Forge reported to Rs 89.73 crore in the quarter ended June 2026 as against net profit of Rs 283.68 crore during the previous quarter ended June 2025. Sales rose 18.71% to Rs 4639.94 crore in the quarter ended June 2026 as against Rs 3908.75 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales4639.943908.75 19 OPM %15.0517.13 - PBDT665.74637.09 4 PBT402.45410.99 -2 NP-89.73283.68 PL Powered by Capital Market - Live News

Bharat Forge will hold a meeting of the Board of Directors of the Company on 10 August 2026.

Bharat Forge announced that Kalyani Powertrain (KPTL), a wholly owned subsidiary of the Company along with the Company, has executed a Definitive Agreement dated 22 July 2026 with REFU Drive GmbH (REFU), a joint venture Company of KPTL and REFU Elektronik GmbH. In terms of the aforesaid Agreement, KPTL has agreed to sell and transfer its entire 50% equity stake, held in REFU to REFU Elektronik GmbH for a consideration of EUR 12,500 (subject to the terms and conditions set out in the Agreement). Upon completion of the aforesaid transaction, REFU shall cease to be a joint venture of KPTL.

Bharat Forge (BFL) today signed a Rs 425 crore contract with the Ministry of Defence (MoD), India, for the supply of Gas Turbine Generators (GTGs) to Indian Navy (IN) for onboard power generation on Kolkata class ships. The contract will be executed over a period of 5 years. Rated at 1.25 MW, the new GTGs will replace the lower capacity units currently in service onboard. Awarded under the Buy (Indian) category of the Defence Acquisition Procedure 2020 (DAP-2020), the contract marks BFL`s entry into the marine gas turbine (GT) business � and will deliver the first indigenous GT-based power plant to operate aboard Indian Naval ships.