Bharat Forge to invest Rs 1,000 cr in Tamil Nadu to enhance production activities – ET Auto

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The company has entered into a memorandum of understanding (MoU) with Guidance, the nodal agency of the state government as part of the Tamil Nadu Global Investors Meet 2024, it said in a regulatory filing.

  • Updated On Jan 10, 2024 at 07:46 AM IST


Bharat Forge shares were trading 1.09 % up at INR 1,271.10 apiece on BSE.

New Delhi: Auto components major Bharat Forge on Tuesday said it has inked an MoU with the Tamil Nadu government to invest INR 1,000 crore over a period of five years to expand manufacturing footprint in the state. The company has entered into a memorandum of understanding (MoU) with Guidance, the nodal agency of the state government as part of the Tamil Nadu Global Investors Meet 2024, it said in a regulatory filing.

The MoU is non binding and at present does not have a material impact on operations of the company, it added.

Bharat Forge shares were trading 1.09 % up at INR 1,271.10 apiece on BSE.

  • Published On Jan 10, 2024 at 07:44 AM IST

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