Bharat Forge Ltd 2023 AR2
The report highlights Bharat Forge's transition from a traditional manufacturing company into a technology-driven engineering firm during the fiscal year 2022-2023. The company achieved record standalone revenues of INR 7,573 crore and consolidated revenues of INR 12,910 crore, driven by strong export performance and record order wins. Key milestones included the acquisition of JS Autocast, entering the industrial casting sector, and securing a maiden export order in the defense vertical. Bharat Forge also advanced its ESG journey, utilizing green steel in its forging operations and progressing toward its decarbonization and water positivity targets.
Company: Bharat Forge Ltd
Sector: Manufacturing
Country: India
Year: 2023
Type: AR2
Pages: 265
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Bharat Forge Ltd
Annual Report
The report highlights Bharat Forge's transition from a traditional manufacturing company into a technology-driven engineering firm during the fiscal year 2022-2023. The company achieved record standalone revenues of INR 7,573 crore and consolidated revenues of INR 12,910 crore, driven by strong export performance and record order wins. Key milestones included the acquisition of JS Autocast, entering the industrial casting sector, and securing a maiden export order in the defense vertical. Bharat Forge also advanced its ESG journey, utilizing green steel in its forging operations and progressing toward its decarbonization and water positivity targets.
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Document Details
Report Year
2023
Reporting Period
Apr 1, 2022 - Mar 31, 2023
Fiscal Year
2023
Published
May 5, 2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees