Bharat Forge Limited has informed the Exchange regarding a press release dated April 30, 2026, titled "Bharat Forge Limited to acquire 30% stake in Fortuna Engineering Private Limited under a strategic partnership".
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Bharat Forge Limited (BFL) has announced the acquisition of a 30% stake in Fortuna Engineering Private Limited (FEPL) at an equity value of INR 129.60 crores. Fortuna, established in 1989 and headquartered in Nashik, is a leading manufacturer of precision-machined engine components including connecting rods and camshafts for automotive and industrial applications. Fortuna supplies major automotive OEMs across passenger vehicles, commercial vehicles, tractors, and off-highway segments. The transaction is subject to customary closing conditions and applicable approvals. BFL views this as a strategic partnership to scale Fortuna's business and leverage growth opportunities.
The acquisition strengthens Bharat Forge's presence in the precision components supply chain for mobility and industrial segments. At INR 129.60 crores for 30% stake, Fortuna is valued at approximately INR 432 crores, suggesting a strategic valuation for the target company. This minority investment provides BFL with exposure to growing automotive and industrial component markets without full consolidation.