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Bharat Forge to sell loss-making US unit
Bharat Forge is to liquidate its plant and machinery in America, after continuous losses recorded from the acquired assets seven years after the company bought these. The Pune-based company had acquired the assets and business of Federal Forge Inc, through its wholly owned subsidiary, for $9.1 million in mid-2005. It has now begun the sale process of these assets, talking to a couple of interested
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