Bharat Forge Limited Recommends Final Dividend for the Financial Year Ended March 31, 2024, Payable on or After August 14, 2024
May 08, 2024 at 03:31 am EDT
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Bharat Forge Limited at the SBM held on May 8, 2024, the board has recommended a final dividend of INR 6.50 per equity share of the face value of INR 2 each (at the rate of 325%) for the financial year ended March 31, 2024, subject To Approve the Members of the Company at the upcoming Annual General Meeting. The final dividend for the financial year ended March 31, 2024, if approved by members, will be paid on or after August 14, 2024.
Bharat Forge Limited is an India-based global provider of safety and critical components and solutions to various sectors including automotive, railways, defense, construction and mining, aerospace, marine, and oil and gas. The Company's segments include Forgings and Others. The Company is engaged in the manufacturing, assembling and selling of forged and machined components, including aluminum castings for the auto and industrial sector. It is also engaged in the manufacturing and assembly of electric vehicle related components. Its automotive products include engine, such as crankshaft, connecting rod, emission/after treatment and fuel injection system; chassis, such as front axle beams, steering knuckles, knuckle, fork and reinforcement bracket, and transmission and driveline, such as transmission components and driveline components. The Company's power products include thermal, such as shafts and gear boxes; hydro, such as rotor and others, and wind, such as shafts and gear boxes.