BHARAT FORGE

BUY BHARAT FORGE(500493) AROUND 280

KEEP CLOSING BASIS STOPLOSS BELOW 265

TARGETS WILL BE 325-340 IN SHORT TERM

BHARAT FORGE COMPANY PROFILE

Bharat Forge Ltd., the flagship company of the US $ 2.5 billion Kalyani Group, is a leading global ‘Full Service Supplier’ of forged and machined - engine & chassis components. It is the largest exporter of auto components from India and leading chassis component manufacturer in the world. With manufacturing facilities spread across 11 locations and 5 countries - four in India, three in Germany, one each in Sweden, USA and two in China, the company manufactures a wide range of safety and critical components for passenger cars, SUV’s, light, medium & heavy commercial vehicles, tractors and diesel engines. The company also manufactures specialized components for the aerospace, power, energy, oil & gas, rail & marine, mining & construction equipment, and other industries. It is capable of producing complex large volume parts in both steel and aluminum. Over the years, Bharat Forge has been investing in creating State-of-the-art facilities, world-class capacities and capabilities. Our facilities include, fully automated forging and machining lines, the largest of its kind and comparable to the best in the industry. Bharat Forge has built up a strong capability in design and engineering, including a full fledged product testing and validation facility, which gives Bharat Forge a Full Service Supply Capability - from product conceptualization to designing to manufacturing and product testing & validation.Its customer base includes virtually every global automotive OEM and Tier I supplier. Daimler Chrysler, Toyota, BMW, General Motors, Volkswagen, Audi, Renault, Ford, Volvo, Caterpillar - Perkins, Iveco, Arvin Meritor, Detroit Diesel, Cummins, Dana Corporation, Honda, Scania and several others source their complex forging requirements including machined crankshafts, front axle beams and steering knuckles from Bharat Forge. BFL is a recipient of several national and international honors, recognition and awards. Forbes Magazine has listed it for consecutive three years in its global “Best under a Billion” list. Automotive Component Manufacturers Association of India (ACMA) has honored it over past four years for its export excellence. Outlook recognized BFL as the Best Value Creator for 2004 among large companies. BFL has also been awarded the Indo German Chamber of Commerce (IGCC) Award for ‘Outstanding Contribution towards Promotion of the Indo-German Economic Relations for the Year 2005’. Bharat Forge received GKD-NIQR award for “Outstanding Organization” on 23.4.05.Currently BFL is implementing a major capacity expansion program, which on completion will enable BFL to address global market opportunities even more aggressively and capture larger market share. Simultaneously, the company continues to pursue opportunities for inorganic growth that would result in an enlarged geographical presence and customer base.