June, 17 2026 Wednesday 18:04 Hrs
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Company News Details

Bharat Forge Ltd
Industry :  Castings & Forgings
BSE Code
ISIN Demat
Book Value()
500493
INE465A01025
229.8366252
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
BHARATFORG
82.61
96169.92
EPS(TTM)
Face Value()
Div & Yield %
24.35
2
0.42
 

bharat forge ltd
Bharat Forge signs MoU with Govt. of Andhra Pradesh
May 19,2026

Bharat Forge signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to establish India's first private-sector Marine Gas Turbine (MGT) Repair, Overhaul and indigenous Development complex at Visakhapatnam — over an ~80 acres within the Andhra Pradesh Defence Manufacturing Corridor.

The Visakhapatnam facility — co-located with the Naval Dockyard, INS Eksila, and Eastern Naval Command Headquarters — will for the first time bring this critical propulsion sustainment capability into India's private sector.

Phase 1 will deliver a full Marine GT Repair and Overhaul complex: hot section restoration of blades, vanes and combustion liners, component manufacturing, NDE laboratory, and a 72-hour turnaround capability for the Naval Dockyard, Visakhapatnam.

Phase 2 will establish India's first private sector Marine GT Development and Assembly Hall, a full-spectrum hot test cell scalable across all propulsion ratings, and — for the very first time on Indian soil — the development and qualification of an indigenous Marine Gas Turbine. The facility will also serve as a regional R&O hub for friendly nation navies, creating ~750 direct and indirect employment opportunities.

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