Bharat Forge to invest $75 mln rupees in non-auto

Newswire

MUMBAI, July 30 (Reuters) - Indian auto parts maker Bharat Forge Ltd. plans to invest 3.5 billion rupees ($75 million) in its non-automotive business, a senior company official said. The company expects to earn an incremental revenue of 10 billion rupees over the next five years from the non-automotive business. "We are targeting new avenues for growth in the non-automotive components business, focusing on sectors such as energy exploration, aerospace, mining and metals," Chairman B.N. ...

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