Bharat Forge Chairman Baba Kalyani introduced that the corporate exported 100 artillery weapons, together with 18 Superior Towed Artillery Weapons (ATAGs), to a number of international locations, together with Europe, within the earlier yr.
This marks a milestone for the Indian defence producer, as exports had been made even earlier than supplying these methods to the Indian Military.
Talking at a press convention in Pune, Kalyani highlighted Bharat Forge’s ambition to change into the world’s largest artillery producer by 2030, supported by plans to considerably develop manufacturing capability.
The corporate produces numerous artillery methods, akin to ultralight artillery weapons (ULH), and is creating superior methods able to firing on the transfer. Worldwide curiosity in Bharat Forge’s merchandise is rising, with exports accounting for 90% of gross sales final yr and an anticipated 80% this yr.
With growing worldwide demand, Bharat Forge is strategically positioning itself to provide superior artillery methods to defence forces worldwide, together with the U.S., French, and British armies. The corporate not too long ago secured a big $155 million export order for its superior towed artillery gun system, marking a pivotal step in increasing its defence portfolio. Moreover, Bharat Forge goals to diversify into new verticals akin to electrical mobility and aluminium forging, focusing on double-digit income development over the subsequent decade.
Kalyani famous that international demand for defence {hardware} has surged as a result of shortages and the Ukraine struggle, which has created a big want for replenishment.
Domestically, Bharat Forge is contributing to the Indian Military’s artillery modernization plan, which includes procuring 4,500 weapons over the subsequent 10–15 years. The corporate is at the moment delivering an preliminary batch of 307 ATAGs underneath a ₹6,900 crore contract signed with the Ministry of Defence.
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