Bharat Forge to acquire JS Autocast.

Bharat Forge, an Indian multinational company involved in forging, automotives, energy, construction and mining, railways, marine, aerospace and defence industries, agreed to acquire JS Autocast, a supplier of critical machined Ductile Iron castings. Financial terms were not disclosed. "We are delighted to welcome the JS Auto team to Bharat Forge family and will look to leverage their capabilities, highly talented technical team and strong customer connect to aggressively grow our presence in the industrial casting space. JS Auto will accelerate our diversification journey and enable in addressing the Decarbonization opportunity. This acquisition along with the previous deal in the open die segment significantly broadens our presence, capabilities and product offerings in the industrial space," Amit Kalyani, Bharat Forge Deputy Managing Director.