Bharat Forge Completes Final Tranche Investment in Sunsure Energy SPV

Mumbai: Bharat Forge Limited has announced the completion of its final tranche (Tranche II) investment in a special purpose vehicle (SPV) of Sunsure Energy Private Limited. The investment was made through its wholly-owned step-down subsidiary, J S Auto Cast Foundry India Private Limited (JS Auto).

As part of the transaction, JS Auto acquired 61,740 equity shares of Rs. 10 each at a premium of Rs. 1,240 per share, representing 31.56% on a fully diluted basis in Sunsure Solarpark Twenty-Three Private Limited.

This move marks a significant step in Bharat Forge’s continued diversification into the renewable energy sector, complementing its focus on precision engineering and advanced manufacturing. The acquisition was executed in alignment with earlier investment plans intimated to the stock exchanges in September 2024 and January 2026.

The investment reflects Bharat Forge’s strategic intent to leverage its subsidiaries to participate in sustainable energy projects, strengthening its portfolio and long-term growth potential.