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Bharat Forge Denies Involvement in Russian Joint Venture Talks

Story Highlights
  • Bharat Forge is a leading company in the forging industry, supplying automotive and defense products.
  • Bharat Forge denies involvement in meetings for joint ventures with Russian arms makers.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Bharat Forge Denies Involvement in Russian Joint Venture Talks

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Bharat Forge Ltd ( (IN:BHARATFORG) ) just unveiled an announcement.

Bharat Forge Limited has issued a clarification regarding a Reuters news article that mentioned potential joint ventures with Russian arms makers. The company has denied any involvement or representation in such meetings, emphasizing that no representative from Bharat Forge or the Kalyani Group has traveled to Russia since 2021. Bharat Forge urges media and stakeholders to refrain from spreading speculative information based on unverified sources.

More about Bharat Forge Ltd

Bharat Forge Limited is a leading Indian multinational company in the forging industry, primarily engaged in manufacturing and supplying automotive components, industrial products, and defense equipment. The company is part of the Kalyani Group and focuses on innovation and technology to serve diverse markets globally.

Average Trading Volume: 65,066

Technical Sentiment Signal: Strong Buy

Current Market Cap: 671.8B INR

Find detailed analytics on BHARATFORG stock on TipRanks’ Stock Analysis page.

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