Bharat Forge Subsidiary Completes Solar Park Investment Acquisition
Bharat Forge Limited has completed Tranche I of its renewable energy investment through subsidiary JS Auto Cast Foundry India Private Limited. The subsidiary acquired 20,580 equity shares in Sunsafe Solarpark Twenty-Three Private Limited for ₹25.77 crores, securing a 31.57% stake. This transaction is part of a larger strategic initiative announced in September 2024 involving multiple Bharat Forge subsidiaries investing in solar energy special purpose vehicles.