New Delhi, Nov 11 (PTI) Bharat Forge on Tuesday said its board has accorded approval to raise upto Rs 2,000 crore through various instruments including term loan, non-convertible debentures or any other debt instruments.

The board has accorded in-principal approval for raising funds not exceeding Rs 20,00 core through term loan, non-convertible debentures or any other debt instruments and delegated authority to investment committee – strategic business in this regard, the Pune-based firm said.

The company has reported a net profit of Rs 299 crore as compared with Rs 243 crore in the July-September quarter of last fiscal.

Revenue from operations stood at Rs 4,032 crore for the second quarter as compared with Rs 3,688 crore in the year-ago period, the company said in a regulatory filing.

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