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Balu Forge ramps up investment in defence production

Wednesday, 07 Apr 2021
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Balu Forge has ramped up investment in defence production and has drawn plans for it.

The company is already an approved vendor to a majority of the 41 ordnance factories, part of the Ordnance Factory Board in India and for supply of 182 components to the above factories.

A large part of the capital investment for the next 10 years is planned towards defence production with also key joint ventures/technology partnerships in the pipeline.

The key areas planned in coming years are artillery, undercarriage parts for armored vehicles, weapons and ammunition for light and heavy regiments and forged and  machined components for the engine division.

In addition to the Dedicated Defence Production Facility, the R&D and Innovation Campus in Belgaum, Karnataka will spearhead the strategy laid down to build advance defence systems & solutions.

The R&D unit will work through 4,000 sq mtr Technology Center fully equipped with state-of-the-art equipment. The Dedicated Defence Unit is set to commercialise production from Q4/F21/22 & the R&D Center from Q2FY21/22.

The company has also secured and successfully supplied for over five years to defense forces in two prominent European countries and executed supply as a single source to these nations.

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