Balu Forge Ignites Defence Push: Empty Shell Production Line Goes Live!

Balu Forge's new line at its Belgaum campus features dedicated forging and CNC machining for empty artillery shells (155mm), aligning with India's self-reliance in defence manufacturing. Previously in commercialization phase, operations commence amid strong Q2 FY26 results, with revenue up 344% YoY. This boosts overall forging to 150,000 tons and machining to 80,000 tons annually.​

Key Highlights

Capacity Boost: 360,000 shells/year; includes extrusion forging and advanced CNC units for precision output.​

Make-in-India Pride: Fully indigenous automated setup, targeting Indian government and exports to LatAm/Europe.​

Vendor Status: Approved supplier to 41 Ordnance Factories; strong order book supports ramp-up.​

Growth Synergy: Complements recent 12,000-ton precision machining addition (7/11-axis CNC) for defence/aerospace.​

Investors eye revenue surge from defence pivot!

Sources: Business Upturn, Construction World, ICICI Direct, Prysm Wealth.