Bharat Forge Limited Declares Interim Dividend, Payable on or Before March 12, 2024
February 12, 2024 at 08:16 am
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The board of directors of Bharat Forge Limited at its meeting held on February 12, 2024, Declared an interim dividend of INR 2.50 per equity share of the face value of INR 2 each of the Company (at the rate of 125%). The interim dividend shall be paid on or before March 12, 2024 to the equity shareholders of the Company, whose names appear in the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on February 23, 2024 which is the Record Date fixed for the purpose.
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.