Bharat Forge Ltd (BHARATFORG)
Press Release.
Bharat Forge signed MoU with Andhra Pradesh Govt to establish India's first private Marine Gas Turbine facility at Visakhapatnam. Facility will support repair, overhaul, and indigenous development of marine gas turbines for Indian Navy. Phase 1 includes repair and overhaul complex; Phase 2 adds development and assembly hall with hot test cell. Facility aims to create ~750 jobs and serve regional navies. Strategic move to enhance India's naval self-reliance and defence manufacturing.
Source: Original filing PDF
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PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
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