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Bharat Forge on edge as India-US trade pact holds the key
Mint Hyderabad
|April 08, 2025
Bharat Forge Ltd shares plunged about 17% after the US announced a reciprocal tariff on Indian imports.
Bharat Forge Ltd shares plunged about 17% after the US announced a reciprocal tariff on Indian imports. In the nine months ended December (9MFY25), the company derived 37% of its standalone revenue from exports to the American continent.
A large chunk of that could be from the US, even though country-specific data is not available. Though India is likely to negotiate a bilateral trade agreement (BTA) with the US, it could be a tough negotiation given that India has not managed to conclude a BTA with the UK for at least a year.
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