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Bharat Forge Aluminiumtechnik GmbH (BFAT) is a wholly owned step down subsidiary of Bharat Forge. BFAT is engaged in the manufacturing and supply of aluminium components for automotive industry. Accordingly, the investment by the Company in BFGH for further proposed investment in BFH and subsequent proposed investment in BFAT is in furtherance of BFAT's main line of business.
The investment of Euro 15 million (Rs 133.58 crore) will tentatively be completed by 29 February 2024.