Bharat Forge is planning to invest Rs 500 crore in setting up a defence systems facility in association with a joint venture partner. The company is likely to announce the project early next year.
In the last one year, the new investment commitments in defence and aero space sector are to the tune of Rs 1,000 crore, including Bharat Forge’s proposed project.
Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.
