Bharat Forge - A jolt to ESG improvement journey - ICICI Securities
Bharat Forge - A jolt to ESG improvement journey - ICICI Securities Posted On: 2020-12-27 23:01:14 (Time Zone: Arizona, USA) Bharat Forge's (BHFC) German subsidiaries have been fined EUR32mn by Germany's competition regulator, Bundeskartellamt, due to cartelisation. The fine covers a) aluminium and b) steel forgings (yet to be settled) cartelisation case. Key findings (press release) were: a) Five aluminium forging companies were engaged in cartelisation for ~12 years (starting Apr'06) and have been fined EUR 175mn, b) collaborative behaviour was found for product price increases to cust...
Source: equitybulls.com