Penal Action On Bharat Forge’s German Subsidiaries: ICICI Direct 
Bharat Forge Ltd.’s machining facility (image: Company website)

Penal Action On Bharat Forge’s German Subsidiaries: ICICI Direct 


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ICICI Direct Report

Bharat Forge Ltd. has notified that its German subsidiaries (Bharat Forge Aluminium technik GmbH, Bharat Forge CDP GmbH and Bharat Forge Global Holding GmbH) have reached a settlement with the German competition regulator for potential unfair trade practices in 2004-18.

The company’s German subsidiaries are required to pay in aggregate 32 million pound (approximately Rs 300 crore) as settlement charges over the next five years.

The said judgement comes as a negative surprise. As per our estimates, this could potentially hit the company’s profit and loss in a gradual manner over the next five years.

Click on the attachment to read the full report:

ICICI Direct Bharat Forge Company Update Dec 20.pdf


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