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Bharat Forge hosted a conference call on Nov 6, 2023. In the conference call the company was represented by, Mr. Amit B Kalyani- Deputy Managing Director, Mr. Subodh Tandale- Executive Director and Mr. Kedar Dixit- Sr. VP & CFO.

Key takeaways of the call

In Q2 FY24, company registered a strong performance across segments & geographies.

India CV business registered a 12% YoY growth in H1FY24 outperforming the overall market. The sector’s long-term trajectory is very promising driven by the government’s focus on Infrastructure spending and positive economic activity.

Export CV business continued to be marginally positive. North American Class 8 build rates, inventory levels and sales remain steady. European CV sales remained stable as economic activity continued to recover gradually

Passenger Vehicles has been a standout sector for the company ...

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  (10-Feb-2023)

  Deepak Nitrite

  Plans capex of about Rs 1500 crore for FY23 and FY24

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  (09-Feb-2023)

  Mayur Uniquoters

  Targets revenue of Rs 1000 crore in FY24

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  (31-Jan-2023)

  Tega industries

  Capex plan is US$ 30-32 million for next three years

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  (15-Dec-2021)

  ITC

  Company plans capex of Rs 10,000 crore over the next three years to create growth vectors