Bharat Forge to Invest ₹240 Crore in Defence Arm, Fund Ammunition Facility
Bharat Forge will invest ₹240 crore in its wholly owned defence subsidiary. Up to ₹163 crore will fund a subsidiary’s ammunition-shell filling facility.
Bharat Forge will invest ₹240 crore in its wholly owned defence subsidiary, Kalyani Strategic Systems Ltd (KSSL). KSSL will use up to ₹163 crore to fund its subsidiary, Agneyastra Energetics Ltd (AEL), which plans to establish a facility for filling ammunition shells. The investment details were disclosed in a regul