As per the regulatory filing, this acquisition significantly enhances our capabilities and addressable market segments both domestically and in export markets, especially in niche industrial segments. This transaction also brings with it significant synergies that particularly strengthen Bharat Forge’s positioning as a preferred ‘Industrial Solutions’ provider.
Recently, JSA has been granted Environmental Clearance to expand its existing foundry operations at SIPCOT from 21,768 TPA to 72,000 TPA. This coupled with 28,800 TPA foundry capacity at Coimbatore, provides a significant growth platform for the company.
JSA will focus on enhancing its product portfolio from current small castings to address opportunities in medium sized castings for both Renewable and other industrial applications. In the next 3 years, JSA will start manufacturing ‘green castings’ utilizing 100% renewable energy and raw material which is predominantly recycled scrap.
In FY22, despite a challenging & volatile environment, JSA recorded revenue Rs 416.87 Crores, growth of 59.5% as compared to FY21.
At around 10:39 AM, Bharat Forge was trading at Rs641.45 per share down by Rs4.85 or 0.75% from its previous closing of Rs646.30 per share on the BSE.
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