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Bharat Forge shares jumped nearly 5% after its subsidiary, JS Auto Cast Foundry, raised ₹300 crore from Premji Invest through a fresh equity infusion.
Note: This is primary capital, which means new money is going straight into the business, not into anyone’s pocket.
What’s going on: Post the investment, Premji Invest will own 23% in JS Auto Cast Foundry on a fully diluted basis. JS Auto is Bharat Forge’s castings arm, making critical auto and industrial components that go into engines, axles, and heavy machinery.
Castings are metal parts made by pouring molten metal into moulds, which are then used in vehicles, machines, and heavy equipment.
The funds will be used to expand casting capacity, allowing the company to produce more components as demand rises. It will also help JS Auto move into medium casting segments, opening up new product lines and customer opportunities.
Why it matters: demand for auto and industrial components is picking up again, helped by infrastructure spending, EV transition, and global supply chain diversification. This capital gives JS Auto the firepower to grow faster than the industry and grab market share.
Plus, India’s casting industry is still highly fragmented, with many small, inefficient players.
