Business Update21 May 2024, 05:01 pm
Balu Forge Industries Ltd Announces Massive Strategic Expansion with 72,000 Tonnes Annual Forging Capacity Milestone
AI Summary
Balu Forge Industries Ltd has announced a strategic expansion by setting up a new advanced forging capacity of 72,000 tonnes annually. The expansion includes the acquisition of new forging lines and integration with a precision machining unit. The new capacity is expected to strengthen BFIL's presence in critical engineering industries such as Oil & Gas, Aerospace, Defence, Railways, Mining, Aluminium, and Auto part manufacturing.
Key Highlights
- Balu Forge Industries Ltd has expanded its capacity by setting up a new advanced forging unit with a capacity of 72,000 tonnes annually.
- The expansion includes the acquisition of new forging lines - a 16-ton closed die forging hammer, a 10-ton closed die forging hammer, and an 8,000T capacity mechanical press.
- The new facilities will be fully automated with the latest technology and will be integrated with a precision machining unit recently acquired from Mercedes Benz.
- The expansion will strengthen BFIL's presence in critical engineering industries such as Oil & Gas, Aerospace, Defence, Railways, Mining, Aluminium, and Auto part manufacturing.
- The new setup includes a 16 Ton closed-die forging hammer, which is one of the largest in the country, capable of producing forgings up to 800-900 kgs.