CCI Clears Bharat Forge’s 100% Acquisition of AAM India with Conditions

24 Apr 2025 CW Team

The Competition Commission of India (CCI) has approved the proposed acquisition of 100% equity shareholding in AAM India Manufacturing Corporation Private Limited (AAMCPL) by Bharat Forge Limited (BFL), subject to voluntary modifications offered by the parties involved.

Bharat Forge, a global leader in forging and engineering solutions, operates across sectors such as automotive, defence, aerospace, oil & gas, and railways. It supplies forged axle sub-components both domestically and internationally.

The Target entity, AAMCPL, is engaged in the manufacture and sale of commercial vehicle axles in India.

Under the proposed transaction, before the acquisition, AAMCPL will hive off its Pune-based captive IT support and product engineering division as well as its components export business to affiliates of its parent company, American Axle & Manufacturing Holdings Inc. Additionally, e-axle assembly lines currently with AAM Auto Component (India) Pvt Ltd will be integrated into AAMCPL.

The Commission has approved the acquisition with voluntary modifications to address potential competition concerns. A detailed order will be issued in due course.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..