Acquisitions4 Sept 2025, 05:11 pm
Bharat Forge Subsidiary to Acquire 949.65-Acre Land Parcel for Defence Energetics Manufacturing Complex
AI Summary
Bharat Forge Ltd. has announced that its step-down wholly owned subsidiary, Agneyastra Energetics Limited, has entered into an agreement with Andhra Pradesh Industrial Infrastructure Corporation Ltd. to purchase approximately 949.65 acres of land in Madakasira, Anantapur District, Andhra Pradesh. The land will be used for the development of an End-to-End Defence Energetics Manufacturing Complex, including a High Explosives Manufacturing plant, ammunition filling plant, gun propellant facility, and provisions for future expansion into energetics for Rockets, missile systems, Space launch vehicles. This acquisition aligns with the company's growth objective and further expands its presence in the Defence sector.
Key Highlights
- Bharat Forge subsidiary, Agneyastra Energetics Limited, to acquire 949.65-acre land parcel in Andhra Pradesh
- Land to be used for the development of an End-to-End Defence Energetics Manufacturing Complex
- Includes High Explosives Manufacturing plant, ammunition filling plant, and gun propellant facility
- Provisions for future expansion into energetics for Rockets, missile systems, Space launch vehicles
- Acquisition aligns with the company's growth objective and further expands its presence in the Defence sector