Kalyani group firm Bharat Forge has set aside an initial investment of Rs 100 crore for developing a new artillery gun, mainly for supply to the Indian Army. The company is developing a towed gun of 155/52 caliber mainly for the supply to the Indian Army.
The company has already set up facility in Pune and the technology is being developed in association with some European players.
Further, the company has currently engaged about 60 people for the development of the artillery gun. The company’s revenue from the defence business stands at about Rs 200 crore per annum.
Bharat Forge engage in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.
