Bharat Forge Ltd

Bharat Forge announced that Kalyani Powertrain (KPTL), a wholly owned subsidiary of the Company along with the Company, has executed a Definitive Agreement dated 22 July 2026 with REFU Drive GmbH (REFU), a joint venture Company of KPTL and REFU Elektronik GmbH. In terms of the aforesaid Agreement, KPTL has agreed to sell and transfer its entire 50% equity stake, held in REFU to REFU Elektronik GmbH for a consideration of EUR 12,500 (subject to the terms and conditions set out in the Agreement). Upon completion of the aforesaid transaction, REFU shall cease to be a joint venture of KPTL.

The partnership aims to jointly develop, manufacture and deploy advanced heavy-lift airships for India's defence and strategic operational requirements. The agreement was signed by Guru Biswal, CEO of Bharat Forge Aerospace, and S'bastien Bougon, President of FLYING WHALES, at the Farnborough International Airshow 2026. Under the partnership, the companies will work towards establishing manufacturing, integration and production of FLYING WHALES-Bharat Forge airships in India for defence applications, supporting the government's Aatmanirbhar Bharat and Make in India initiatives. The collaboration will centre on the LCA60T, FLYING WHALES' next-generation heavy-lift airship capable of carrying up to 60 tonnes of cargo. The platform features vertical take-off and landing (VTOL) capability, hybrid-electric propulsion and requires minimal ground infrastructure, making it suitable for operations in remote and challenging terrains. The companies will explore the platform's use in defence logistics, including supplying forward operating bases, transporting oversized military equipment and critical supplies, intelligence, surveillance and reconnaissance (ISR) missions, communication relay systems, humanitarian assistance and disaster relief operations, and rapid deployment in border and difficult terrain. Bharat Forge said the proposed localisation programme is expected to create high-technology jobs, develop an advanced domestic aerospace supply chain and open up future export opportunities, strengthening India's position as a global aerospace manufacturing hub. Airships will redefine how nations move, supply and sustain their forces, and India will lead that change. This strategic partnership places India among a select group of nations with the capability to design, build and field heavy-lift airships, bringing together FLYING WHALES' pioneering technology and Bharat Forge's six decades of advanced engineering strength and deep understanding of India's defence needs. Aligned to the spirit of Aatmanirbhar Bharat, we are creating a sovereign capability, a new industrial ecosystem and an entirely new dimension of strategic mobility for the nation, said Mr. Amit Kalyani, Vice Chairman & Joint Managing Director, Bharat Forge. The LCA60T was conceived to reach the world's most remote and demanding locations, and that promise finds its fullest expression in India, with its vast geography, challenging terrain and extraordinary ambition. We are delighted to partner with Bharat Forge, whose engineering depth, defence expertise and shared vision make this a true strategic alliance to take the programme to scale. Together, we will build in India, for India and for the world, laying the foundations of an airship industry that will serve this region for generations, said Mr. Tanguy Lestienne, Chief Executive Officer, FLYING WHALES SERVICES. Pune-based Bharat Forge is a technology-driven global leader in providing high-performance, innovative safety-critical components and solutions for several sectors, including automotive, power, oil and gas, construction & mining, rail, marine, defense, and aerospace. The company has a global manufacturing footprint with a presence across five countries. The company reported a consolidated net profit of Rs 233.45 crore in Q4 FY26, down 17.4% from Rs 282.62 crore in Q4 FY25. Revenue from operations jumped 17.53% YoY to Rs 4,528.04 crore in Q4 March 2026. Shares of Bharat Forge fell 0.64% to Rs 2,188.60 on the BSE. Powered by Capital Market - Live

Mangalore Refinery And Petrochemicals Ltd, Go Digit General Insurance Ltd, NTPC Ltd, Hindalco Industries Ltd are among the other stocks to see a surge in volumes on BSE today, 16 July 2026.Bharat Forge Ltd notched up volume of 5.18 lakh shares by 10:46 IST on BSE, a 13.45 fold spurt over two-week average daily volume of 38530 shares. The stock rose 0.26% to Rs.2,105.05. Volumes stood at 20847 shares in the last session.Mangalore Refinery And Petrochemicals Ltd clocked volume of 59.76 lakh shares by 10:46 IST on BSE, a 10.27 times surge over two-week average daily volume of 5.82 lakh shares. The stock gained 11.54% to Rs.175.90. Volumes stood at 2.91 lakh shares in the last session.Go Digit General Insurance Ltd witnessed volume of 10.04 lakh shares by 10:46 IST on BSE, a 9.3 times surge over two-week average daily volume of 1.08 lakh shares. The stock dropped 4.03% to Rs.286.85. Volumes stood at 10969 shares in the last session.NTPC Ltd recorded volume of 41.1 lakh shares by 10:46 IST on BSE, a 6.85 times surge over two-week average daily volume of 6.00 lakh shares. The stock gained 0.15% to Rs.344.85. Volumes stood at 5.17 lakh shares in the last session.Hindalco Industries Ltd saw volume of 12.74 lakh shares by 10:46 IST on BSE, a 6.22 fold spurt over two-week average daily volume of 2.05 lakh shares. The stock increased 1.32% to Rs.968.15. Volumes stood at 1.79 lakh shares in the last session.Powered by Capital Market - Live

Bharat Forge Ltd is up for a third straight session in a row. The stock is quoting at Rs 2131.9, up 1.34% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.73% on the day, quoting at 23927.6. The Sensex is at 76562.32, down 0.69%. Bharat Forge Ltd has risen around 11.13% in last one month. Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has risen around 0.18% in last one month and is currently quoting at 26703.45, down 0.72% on the day. The volume in the stock stood at 8.44 lakh shares today, compared to the daily average of 11.41 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 2122, up 1.16% on the day. Bharat Forge Ltd is up 64.59% in last one year as compared to a 4.46% drop in NIFTY and a 12.35% drop in the Nifty Auto index.The PE of the stock is 86.4 based on TTM earnings ending March 26.Powered by Capital Market - Live

The contract, awarded under the Buy (Indian) category of the Defence Acquisition Procedure (DAP) 2020, is scheduled to be executed over a period of five years. The 1.25 MW generators will replace the lower-capacity units currently deployed on the vessels. The order marks Bharat Forge's entry into the marine gas turbine segment and will lead to the deployment of the first indigenously developed gas turbine-based power plant on Indian Naval ships. Pune-based Bharat Forge is a technology-driven global leader in providing high-performance, innovative safety-critical components and solutions for several sectors, including automotive, power, oil and gas, construction & mining, rail, marine, defense, and aerospace. The company has a global manufacturing footprint with a presence across five countries. The company reported a consolidated net profit of Rs 233.45 crore in Q4 FY26, down 17.4% from Rs 282.62 crore in Q4 FY25. Revenue from operations jumped 17.53% YoY to Rs 4,528.04 crore in Q4 March 2026. Shares of Bharat Forge rose 0.17% to Rs 2,048.40 on the BSE.Powered by Capital Market - Live

Bharat Forge (BFL) today signed a Rs 425 crore contract with the Ministry of Defence (MoD), India, for the supply of Gas Turbine Generators (GTGs) to Indian Navy (IN) for onboard power generation on Kolkata class ships. The contract will be executed over a period of 5 years. Rated at 1.25 MW, the new GTGs will replace the lower capacity units currently in service onboard. Awarded under the Buy (Indian) category of the Defence Acquisition Procedure 2020 (DAP-2020), the contract marks BFL's entry into the marine gas turbine (GT) business ' and will deliver the first indigenous GT-based power plant to operate aboard Indian Naval ships.

The company said the strategic partnership between AM General and Kalyani Strategic Systems (KSSL) addresses the requirements of modern armies in an evolving combat scenario by providing compact, robust, lightweight, rugged, mobile, all-weather, all-terrain next-generation mounted artillery gun platforms with a distinct competitive edge. It added that the collaboration opens up significant global opportunities and is aimed at enabling broader allied distribution, positioning the platform as a scalable and exportable artillery solution for partner nations seeking modern, mobile, and survivable 155mm fire capabilities. As part of the collaboration, AM General has proposed participation in the U.S. Army's Mobile Tactical Cannon (MTC) programme. The proposal includes development and delivery of a 155mm MTC system based on KSSL's mounted artillery gun platform, with potential delivery targeted for 2027, subject to selection. The companies stated that the platform will incorporate advanced features including a 52-calibre 155mm cannon, Soft Recoil Technology (SRT), automated load-assist systems, and an all-weather fire control suite. The system is designed to offer enhanced mobility, reduced recoil stress, and a firing range exceeding 40 km. Amit Kalyani, vice chairman and joint managing director, Bharat Forge, the parent company of KSSL shared, 'Our partnership with AM General is underscored by trust in our advanced artillery capabilities, and confidence in our commitment to delivering leading-edge and combat-proven solutions that meet modern warfare requirements.' John Chadbourne, AM General President and CEO said, 'Working with KSSL signifies our mutual commitment to support our allies and, ultimately, the Warfighter. By integrating the patented soft recoil technology to their state-of-the-art and mature platforms, we will be delivering truly groundbreaking capabilities that can provide an advantage on the evolving battlefield.' At KSSL, we take pride in building designed and made in India, globally benchmarked defence platforms, driven by the purpose of delivering technologically advanced, strategic defence capabilities for India, and the world. Pune-based Bharat Forge is a technology driven global leader in providing high performance, innovative safety critical components and solutions for several sectors including automotive, power, oil and gas, construction & mining, rail, marine, defence and aerospace. The company has a global manufacturing footprint with presence across five countries. The company reported a consolidated net profit of Rs 233.45 crore in Q4 FY26, down 17.4% from Rs 282.62 crore in Q4 FY25. Revenue from operations jumped 17.53% YoY to Rs 4,528.04 crore in Q4 March 2026. The counter rose 0.48% to Rs 2,028.45 on the BSE. Powered by Capital Market - Live

Kalyani Strategic Systems (KSSL), the wholly-owned defence subsidiary of Bharat Forge, and Paramount, today unveiled Simha 4x4 - a next-generation Light Armoured Multi-Purpose Vehicle - at Eurosatory 2026. Designed and engineered from inception as a highly adaptable, modular and mission-configurable platform, the Simha 4x4 armoured vehicle addresses one of the most pressing capability requirements facing modern armed forces - the need for a protected, highly mobile, multi-role vehicle able to operate across a broad spectrum of missions ranging from reconnaissance, internal security and border protection to special operations, command-and-control, troop transport and force protection. The Simha 4x4 has been developed in record time, while prioritising rigorous product validation and testing, using advanced digital platforms.

The MArG family comprises three variants - MArG 39, MArG 45 and MArG 52 - built on a common 4'4 wheeled platform. The systems are designed to offer varying combinations of range, mobility and firepower while maintaining platform commonality. KSSL said the artillery systems are designed to provide armed forces with a highly mobile and rapidly deployable firepower solution while reducing logistics requirements compared with heavier tracked and wheeled platforms. The MArG series supports NATO-standard 155mm ammunition, including precision-guided munitions, and is intended for missions such as counter-battery operations, interdiction and fire support. The company showcased the MArG 39 variant at the exhibition. The system features a 155mm/39-calibre gun mounted on a 4'4 high-mobility vehicle and is designed for rapid shoot-and-scoot operations. According to KSSL, the platform can be brought into action in about 1.5 minutes during the day and carries up to 18 rounds of onboard ammunition. Bharat Forge said the new artillery platform is aimed at addressing the requirements of armed forces seeking mobile firepower solutions capable of operating across diverse terrains, including mountainous, desert and urban environments. The unveiling comes amid growing focus on indigenous defence manufacturing and increasing export opportunities for Indian-made military equipment. Kalyani Strategic Systems is the defence arm of the Kalyani Group and develops artillery systems, armoured vehicles, ammunition, small arms, marine platforms and unmanned systems. Pune-based Bharat Forge is a technology driven global leader in providing high performance, innovative safety critical components and solutions for several sectors including automotive, power, oil and gas, construction & mining, rail, marine, defence and aerospace. The company has a global manufacturing footprint with presence across five countries. The company reported a consolidated net profit of Rs 233.45 crore in Q4 FY26, down 17.4% from Rs 282.62 crore in Q4 FY25. Revenue from operations jumped 17.53% YoY to Rs 4,528.04 crore in Q4 March 2026. Powered by Capital Market - Live

Kalyani Strategic Systems, the wholly-owned defence subsidiary of Bharat Forge, today introduced its line of Mounted Artillery Guns -the MArG series - on the opening day of Eurosatory 2026. Truck-mounted and built for manoeuvre, the MArG series delivers a highly mobile, rapidly deployable and cost-optimised firepower solution for modern land forces. The MArG series is a comprehensive family of 4'4 mounted 155mm artillery systems, engineered to give armed forces a single, common platform across three calibre configurations: ▪ MArG 39 (39 calibre) - Optimised for mobility and tactical flexibility ▪ MArG 45 (45 calibre) - Balanced range and firepower ▪ MArG 52 (52 calibre) - Extended-range, high-performance artillery solution. This product series enables armed forces to select optimal calibre configuration for their specific operational needs, terrain and mission profile, while retaining commonality in platform design, training and logistics.