Kolkata: Mumbai-based Balu Forge Industries is a precision engineering firm that manufactures components for important sectors such as automobiles, defence, railways and agriculture. They supply to OEMs and aftermarket both in India and beyond, offering R&D, integrated manufacturing, creating complex machined parts for high-performance, commercial and off-highway vehicles, railway wheels and components.

Ace investor Ashish Kacholia has picked up millions of shares of this company. It is aggressively expanding footprint both within the country and abroad. The company’s market cap is about Rs 7,410 crore and its ROE (return on equity) is 25% and ROCE (return on capital employed) is 31%. Ashish Kacholia owns 1,865,933 shares, which indicates about 1.64% of the company’s equity as on Septemb

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