Mumbai, September 3: Balu Forge Industries Limited’s shares will be in focus today after it significantly boosted its heavy engineering capabilities by acquiring a new 18,000-tonne capacity Ring Rolling Line. Though the company hasn’t revealed details about the seller or the investment made, this addition is expected to allow the company to manufacture rolled rings with diameters up to 6.7 meters. With this expansion, Balu Forge now has the capacity to cater to high growth sectors, including defence, wind energy and aerospace, strengthening its position in the precision engineering space,
With the 18,000 tonne capacity, Balu Forge now has the technical infrastructure to compete for massive projects globally amid a rising demand for high-specification industrial components.
“This is a landmark moment not just for Balu Forge Industries Ltd, but for the Indian manufacturing sector as a whole. Bringing one of the largest ring rolling machines in the country empowers us to forge components of staggering scale and complexity. We are unlocking new frontiers in renewable energy, defence, and heavy industries, proving that world-class, ultra-large-scale manufacturing is thriving right here in India.” Trimaan Chandock, Executive Director, Balu Forge Industries Ltd, said in a press release.
In May, the company announced its maiden aerospace order from a US-based client, and has ramped up its order book since then. In an interaction with Moneycontrol, Jaikaran Chandock, Director of Balu Forge, said that almost half of its order book comes from defence, aerospace and railways, contributing to around 13% of its revenues in FY26. This capacity aims to reduce its reliance on traditional forging methods and opens the door to specialized contracts in the future.
Balu Forge’s shares have risen more than 28% in the last 6 months; this development could affect the stock’s movement, given that it has fallen more than 13% this year.
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