Bharat Forge Ltd., along with its subsidiary BF Industrial Solutions Ltd. (together referred to as Bharat Forge), successfully completed the previously announced acquisition of JS Autocast Foundry India Private Ltd. (JS Auto). The acquisition significantly enhances Bharat Forge’s capabilities and addressable market segments, both domestically and in export markets. JS Auto recently received approval to expand existing foundry operations at one of its two locations in India.
JS Auto 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 three years, the company will start manufacturing “green castings” utilizing 100% renewable energy and raw material that is predominantly recycled scrap.