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Bharat Forge manufactures 'The Millionth Crankshaft': A Strategic milestone with Daimler AG

Posted On: 2019-05-16 18:19:52

BHARAT FORGE Ltd., the world's leading technology solutions provider and manufacturer of heavy-duty diesel crankshafts for commercial vehicles have reached an important milestone today. Bharat Forge rolled out the ONE MILLIONTH finished machined crankshaft that powers heavy duty engines of Daimler AG.

Bharat Forge exclusively supplies machined crankshafts for the 13L & 15L engine platforms to Detroit Diesel, USA. Additionally, Bharat Forge also shares the 13L platform with Daimler's Mannheim plant in Germany. These flagship engines of Daimler AG are considered to be among the most technology enabled high performance heavy duty engines in commercial vehicles.

Bharat Forge has been a long-standing partner of Daimler AG for almost two decades now. Bharat Forge has a long and successful history as a strategic supplier-partner for safety critical finish machined front axle beams, machined crankshafts and steering knuckles to Daimler plants in Germany, USA, Japan, Brazil & India.

Mr. Baba Kalyani, Chairman & Managing Director of Bharat Forge said during the event that "We are immensely proud of this privilege and thank Daimler for this strategic relationship that has enabled us to achieve this marquee milestone. Collaboration between Daimler & Bharat Forge engineering teams have achieved significant gains in the product performance - the key driver of this successful journey. We keenly look forward to many more milestones together with Daimler."

Dr. Marcus Schoenenberg, Head of Procurement Daimler Trucks & Buses, graced the occasion and said "Thank you, Bharat Forge! For more than one million crankshafts in a state-of-the-art quality. For more than fifteen years of constant performance. For bringing your innovative entrepreneurship and engineering passion into our Daimler Trucks. Thank you for a powerful partnership that cannot be put in numbers and data alone".

Shares of BHARAT FORGE LTD. was last trading in BSE at Rs.455 as compared to the previous close of Rs. 457.2. The total number of shares traded during the day was 26688 in over 638 trades.

The stock hit an intraday high of Rs. 465 and intraday low of 452.5. The net turnover during the day was Rs. 12274862.


Source: Equity Bulls

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