Bharat Forge has given the green light to a phased restructuring plan for its German unit, BF CDP GmbH. The company has approved up to €30 million in funding for potential asset sales and eventual closure of operations.

Bharat Forge has announced a multi-phase restructuring plan for its German subsidiary, BF CDP's steel forging operations. This decision was finalized during their board meeting held on April 9, 2026.

Bharat Forge announces a phased closure of its loss-making German unit due to structural challenges, causing a 2.4% drop in its share price to Rs. 1,738.50. Despite this setback, the company reported a 24.8% increase in Q3 FY26 revenue and a 41% growth in net profit at Rs. 273 crore.

Bharat Forge, an Indian engineering firm, has given the green light to a phase-by-phase restructuring of its German steel forging business. The company has secured a financing plan worth up to €30 million for this strategic overhaul.