Bharat Forge Aims Global Artillery Domination and Steady Self-Reliance

11 Aug 2023 , 03:29 PM

Baba Kalyani, Chairman and Managing Director of Bharat Forge, aims to establish global artillery dominance. The company emphasizes developing in-house intellectual property (IP) and innovative products.

Bharat Forge’s success is attributed to their self-reliance strategy, with 80% of business from exports. The company’s internally designed and developed products attract significant demand internationally.

Ongoing discussions for 307 artillery and mounted guns orders; estimated timeline of about a year. Revenue forecast for the fiscal year is Rs 12,000 crore, with Rs 900 crore from exports.

Bharat Forge plans to double revenue figures in the following year. Acknowledgment of support from the Indian government, Ministry of Defense, and External Affairs Ministry. Planned capital expenditure of around Rs 1,000 crores to support growth initiatives.

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