Sunday, October 28, 2007

Bharat Forge exports grow by 42 per cent


Forge, originally uploaded by The Tenth Dragon.

Exports recorded a growth of 42 per cent on a YoY basis, despite continued softness in the US medium and heavy commercial vehicle industry and a strong rupee.

The exports growth adjusted for currency appreciation is 54 per cent.

According to Bharat Forge it was able to achieve this growth in spite of the rupee appreciation that resulted in a lower realization on the export earnings of the company to extent of about Rs 26 crores which was partially compensated by a net gain of Rs 10.8 crore on account of the revalorisation of foreign currency loans and deposits:
Bharat Forge exports grow by 42 per cent: Expressindia.com

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