CapEx News
Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers
Kalyani Powertrain (KPTL), the electric mobility arm of Bharat Forge, has earmarked a capital expenditure of up to Rs 500 crore for FY25. The company is looking at Rs 300-500 crore for capex for maintenance and other projects for the next financial year.
Bharat Forge has five verticals including three big-size businesses like component business, industrial and defence, along with a presence in EVs and aerospace. KPTL is working on ICE to EV conversion or its repowering business for the retrofitment of existing diesel-powered commercial vehicles into EVs in Pune.
Retrofitting involves a replacement of the combustion powertrain in a vehicle with an electric driveline.
In the past five to six years, Bharat Forge has invested about Rs 300 crore in companies as well as in developing IP in India.
Recent News
◉ SWELECT Energy secures over 150 MW of solar module - Mar 13,2025◉ RVNL emerges as lowest bidder for Rs 554.64 crore road contract - Mar 13,2025
◉ MoU inked for developing Multi-Modal Logistics Park in Varanasi - Mar 13,2025
◉ Danfoss India to invest Rs 1,200 crore by 2028 - Mar 13,2025
◉ SJVN to develop Rs 9,500 crore pumped storage project - Mar 13,2025
◉ JNPA signs concession agreement for Rs 285-crore agri-processing facility - Mar 13,2025
◉ Montra Electric opens e-SCV manufacturing plant in Chennai - Mar 13,2025