Bharat Forge to undertake electric vehicle biz through wholly-owned unit

now viewing

Bharat Forge to undertake electric vehicle biz through wholly-owned unit

March 17, 2021 Anand Gupta

now playing

In the matter of Adoption of tariff by GUVNL for Procurement of Storage under Tariff based Global Competitive Bidding Process (Phase III) to be set up in Gujarat - EQ

March 17, 2021 Anand Gupta

Petition for Adoption of CERC (Procedure, Terms and Conditions for Grant of Transmission Licence and other related matters) Regulations to grant of Transmission Licence - EQ

March 17, 2021 Anand Gupta

CERC_Central Electricity Regulatory Commission_1

now playing

Petition for adoption of the CERC (Procedure, Terms and Conditions for Grant of Transmission Licence and other related matters) Regulations, Transmission System of Transmission Licence - EQ

March 17, 2021 Anand Gupta

now playing

In the Matter of GERC of the PPA of Change in Law - EQ

March 17, 2021 Anand Gupta

now playing

SWELECT Energy to raise Rs 1.38 billion via debenture sales - EQ

March 17, 2021 Anand Gupta

Vivek Srivastava joins Waaree Energies as chief executive officer

now playing

Waaree Energies begins trial production at Texas solar facility, plans $1 billion investment - EQ

March 17, 2021 Anand Gupta

AP-bets-on-renewable-energy-to-meet-goals

now playing

India’s Renewable Energy Sector Attracts Record Investment in 2023 - EQ

March 17, 2021 Anand Gupta

Oil India initiates first physical Green Hydrogen plant

now playing

Ashoka Buildcon to invest Rs 9 000 cr in green hydrogen plant in Bihar - EQ

March 17, 2021 Anand Gupta

VN solar energy sector a magnet for foreign companies, funds

now playing

Maharashtra to meet 50% of energy needs from non-traditional sources by 2030 - EQ

March 17, 2021 Anand Gupta

ACME, Japan’s IHI sign MoU to explore green hydrogen and green ammonia businesses

now playing

Bihar gets record Rs 1.81 lakh cr investment; Adani, Sun Petchem big draws - EQ

March 17, 2021 Anand Gupta

As an initial step, the company has decided to acquire newly formed group firm Kalyani Powertrain Pvt Ltd (KPPL), Bharat Forge said in a regulatory filing.

Auto components firm Bharat Forge on Tuesday said it intends to undertake electric vehicle (EV) business through a special purpose vehicle, which would be a wholly-owned subsidiary of the company.

As an initial step, the company has decided to acquire newly formed group firm Kalyani Powertrain Pvt Ltd (KPPL), Bharat Forge said in a regulatory filing.

On Tuesday, the investment committee (Strategic Business) of the company approved acquisition of 100 per cent stake in KPPL which shall act as the SPV to carry on the EV business, it added.

The company intends to consolidate its EV initiatives under one single wholly-owned subsidiary, it said.