Bharat Forge acquires 30% in Fortuna Engg for ₹129.6 Cr

Bharat Forge Ltd has acquired a 30% stake in Fortuna Engineering Private Limited (FEPL) for an aggregate consideration of ₹129.60 Crores. FEPL specializes in manufacturing machined connecting rods, camshafts, and fixtures for automotive and off-road applications. This acquisition aligns with Bharat Forge's strategy to strengthen its machining capabilities and achieve forward integration, aiming to enhance value addition and support growth in both domestic and export markets. The company also has an option to acquire an additional 20%+1 (majority) shareholding in FEPL, subject to certain conditions. The completion of the initial acquisition is contingent upon fulfilling conditions precedent and obtaining necessary governmental approvals. FEPL reported sales of ₹322.50 Crores and a net worth of ₹173.15 Crores for FY2025.