BHARAT FORGE Date: March 24, 2017 To, BSE Limited, National Stock Exchange of India Lid, ‘st Floor, New Trading Ring “Exchange Plaza, Rotunda Building, P Towers, Bandra-Kurla Complex, Bandra (East) Dalal Street, Fort, ‘Mumba- 400 051 ‘Mumbai - 460 001 ‘Symbol: BHARATFORG BSE SCRIP CODE ~ #00403 ‘Sores: EO. Dear SitMadam, Subject: Divestment of stake in Power Equipment JV with Alstom The Board of Directors at its meeting held on November 8, 2016 had approved divestment ofits 48% stake in the power equipment JV with Alstom. Further to our release on the above aubject doted November 8, 2016, we wish to inform you thatthe Company has divested 23% of iis shareholding in power equipment JM with GE {erstwhile Alstom), Alstom Bharat Forge Power Private Limited (ABFPL). The transaction ‘or balance 25% equi Would be consummated upon reeapt of customer approvals for cettan projects. Pending this, Company has recelved the entire amount of US $ 35 millon on agrees terms of sale. Kindly take the same on record. ‘Thanking you, Yours faith, For Bharat Forge Limited Dy. Company Secretary cotta