Bharat Forge plans explosives facility, targets nearly 50% defense growth
Bharat Forge is aiming for a big leap (nearly 50% growth in its defense segment by fiscal 2027) by boosting its capabilities and setting up a new explosives facility.
The company also expects almost 25%+ growth in its automotive and industrial business/segment, thanks to strong demand from North America and rising vehicle exports.
Baba Kalyani: AI accelerates product development
Chairman Baba Kalyani shared that AI is now helping Bharat Forge develop products much faster: what used to take years can now be done in under one year.
The company is targeting 5% to 7% cost savings with this tech boost.
On top of that, the company wants to hit nearly $100 million in data center component exports by fiscal 2027 and is exploring high-tech manufacturing opportunities in Europe.
Even with a recent dip in profits due to a one-time loss, its overall outlook stays positive with these new moves.