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Bharat Forge Ltd To Discuss JS Auto Cast Acquisition Call Transcript
Ladies and gentlemen, good day, and welcome to Bharat Forge conference call to discuss acquisition of JS Autocast. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Amit Kalyani. Thank you, and over to you, sir.
Thank you. Ladies and gentlemen, good morning -- good evening. I'm sorry for the extremely late hour in the day. Unfortunately, I happen to be in the U.S., so it's quite early over here.
I'm happy to announce that Bharat Forge has entered into an agreement for the acquisition of JS Auto Cast, which has facilities located in Coimbatore. This is a privately owned company, entrepreneur set up and run, which is primarily present in the industrial space of castings. They make critical and complex machine castings for a variety of industries, the largest being the renewable energy industry, meaning wind. They also cater to hydraulic sector, off-highway, and some amount of specialty automotive
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