Brazilian aerospace major Embraer has signed its first forged raw materials supply contract with India’s Bharat Forge. The move supports Embraer’s effort to diversify its supply chain, strengthening resilience and competitiveness. For India’s aerospace sector, the deal signals growing global trust in domestic forging capabilities and could open doors for deeper manufacturing ties.
Bharat Forge posted a 17% year-on-year drop in net profit to Rs 233 crore for the March quarter, even as revenue grew 18% to Rs 4,528 crore. The company proposed a final dividend of Rs 6.50 per share and said demand remained challenging. Still, it bagged sizable new orders, with defence contributing strongly to the momentum.
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Bharat Forge’s board has approved restructuring of its German subsidiary, Bharat Forge CDP GmbH, including a potential shutdown of operations in Ennepetal. The company cites sustained market challenges and persistent cost disadvantages that have made the unit hard to compete. Final decisions are expected after reviewing restructuring options and implications for operations.
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