Bharat Forge Expands Global Footprint: Forms Joint Venture in Spain with Duma Engineering Group

Bharat Forge, a leading Indian multinational company, has announced the formation of a joint venture in Spain with Duma Engineering Group S.L. The agreement involves Kalyani Strategic Systems Ltd (KSSL), a subsidiary of Bharat Forge, and Duma Engineering, which will hold equity stakes in the new entity.

This strategic partnership aims to leverage the expertise of both companies in manufacturing and engineering, enhancing their presence in the European market. The joint venture will focus on developing and delivering advanced engineering solutions, capitalizing on the strengths of KSSL in defense and aerospace technologies and Duma's expertise in precision engineering.

The formation of this joint venture follows recent successes by Bharat Forge, including a landmark deal with AM General to supply advanced artillery cannons to the United States. This agreement marked the first-ever export of cannons from an Indian defense manufacturer to the U.S., underscoring India's growing role in global defense manufacturing.

Bharat Forge's expansion into Spain highlights its commitment to global diversification and strategic partnerships. The company continues to strengthen its position as a key player in the defense and aerospace sectors, both domestically and internationally.

Sources: Business Standard, CNBC TV18, Angel One.