Balu Forge Launches 100% Make-in-India Automated Empty Shell Production Line in Belgaum

Balu Forge Industries Ltd (Balu Forge or the Company) (BSE: 531112 | NSE: BALUFORGE), a precision engineering company engaged in the manufacturing of forged and machined components, has commenced operations of its empty shell production line - one of the first 100% indigenously built production line in India - at its greenfield manufacturing campus in Belgaum, Karnataka. The line with an annual production capacity of 360,000 shells has an advanced forging and machining line for large calibre ammunition projectiles.

The empty shell production line enhances Balu Forge's capability to deliver advanced machining solutions for critical applications in the defence industry. The company has plans to further expand the production line to meet the global and domestic demand.

The entire forging line has achieved near 100% automation powered by FANUC Robotics which makes it one of the most advanced both in India and the global defence manufacturing market.

The entire production line has been designed in-house. Over 18 machinery manufacturers were involved in designing, developing and commercialising the 100% Make in India production line. The complete forging line is unmanned and it has been programmed and commissioned in-house with a cycle time of 55 seconds.

This development aligns with Balu Forge's long-term strategy to expand its precision engineering portfolio across industries and geographies with continued emphasis on supplying fully machined components. This is a part of the Company's plan to commercialise its greenfield facility in Belgaum, Karnataka. In addition, Balu Forge is also working towards rolling out a number of high precision production lines in a phased manner in the near future, driving the government's Atmanirbhar Bharat mission and serving the Indian defence industry.

Commenting on the commercialization, Trimaan Chandock, Executive Director at Balu Forge said: "This advanced empty shell production line opens a new category for us, reflecting our outlook to diversify our capability in the large calibre ammunition projectile category servicing not only 155 mm empty shells but also 120 mm, 105 mm, 81 mm, etc., amongst others. It is an important milestone for us, as our 100% indigenously developed production line is driven by advanced automation technology. The complete forging production line is unmanned, representing an important technological achievement for both our company and the Indian defence industry. This is only the first phase of our long-term vision to grow our contribution to the Indian defence production. We will continue to expand our production capability with high-precision oKerings, going forward."

Shares of Balu Forge Industries Ltd was last trading in BSE at Rs. 641.55 as compared to the previous close of Rs. 593.70. The total number of shares traded during the day was 105066 in over 3619 trades.

The stock hit an intraday high of Rs. 656.35 and intraday low of 574.25. The net turnover during the day was Rs. 66028361.00.

Source : Equity Bulls

Keywords

BaluForgeIndustries INE011E01029 IndustrialMachinery EmptyShellProductionLine Belgaum