In addition to this, the bank also reported advances growth of 13 per cent on YoY basis. The advances in the balance sheet of the bank show the total amount of credit it has till the accounting date.

The company has a few other foreign subsidiaries, which have reported losses in FY19. Bharat Forge Global Holding GmbH, Bharat Forge Kilsta AB, Mécanique Générale Langroise, and Bharat Forge PMT Technologie LLC have contributed to consolidated losses of the company.

Since May 2020, it has witnessed a trend of the new order as the ports are now operational with the ease of the lockdown, worldwide. The quantity, however, still remains lower. Its order book as of the end of FY20 is at Rs 210 crore.

This plan is under the ultra mega renewable energy power parks (UMREPPs) scheme of the Renewable Energy Ministry, in a phased manner, preferably in packages of 50 MW each.

Prudent fundraising enables the banks to maintain a comfortable capital position, that is, strong capital adequacy ratio (CAR). As per RBI norms, public sector banks guided to maintain a CAR of 12 per cent.

It issued non-convertible debentures at 9.55 per cent on private placement basis. As of FY20 end, its order book stood at Rs 11,997 crore, to be executed over the next two years.

The company will be delivering a split of its transformers between 6,531 kilo- volt-ampere (kVA) for CLW’s goods locomotive engines (needing heavy lifting capabilities) and 7,775 kVA for passenger segment.

The international markets, which resumed its normal economic activity much earlier as compared to India, reported a decline of 20 per cent. India's business, on the other hand, fell as much as 36 per cent.

Moreover, prospective growth triggers are likely for its agrochemical business. Various factors are at play for this such as the storage levels in water reservoirs across the country, a hike in minimum support price (MSP) of key Kharif crops and an anticipated strong monsoon spread.

With a total capacity of nearly 3 million wheels, the company looks at the volume growth as its way ahead to meet the plant's commitment in FY21.