M&A

M&A

Bharat Forge to acquire TN-based SEZ unit of Indo Shell Mould

Press Release  

Pune-based, publicly listed auto components maker Bharat Forge, via its step-down subsidiary JS Auto Cast Foundry India, will acquire the SEZ unit of Indo Shell Mould Ltd located at SIPCOT, Erode in Tamil Nadu for an undisclosed sum. The SEZ Unit with a capacity of 42,000 MTPA, supplies fully machined critical castings to marquee customers in the automotive industry and will operate as the third manufacturing unit of JS Auto, taking its total capacity to 1,42,000 MTPA. This acquisition strengthens JS Auto's presence in the castings sector and expands the product offering and client base.