Balu Forge Industries (BFIL) is in the process of setting up a new 52,000 Sg.mt manufacturing facility in Belagavi, Karnataka.
This new facility will house a state-of-the-art precision engineering center that will increase efficiency in production and enable an extension of the existing product portfolio to enhance the company’s offering in both the ICE & the new energy sphere.
The new manufacturing campus will consist of a range of key production units for example a precision machining & Forging center, a defence production unit, dedicated railway wheel & axle production unit & a unit with key emphasis on the components for the new energy & mobility industry which will enable BFIL to expand its product portfolio and cater to new industries.
The defence production unit will focus on the production of undercarriage parts & heavy forging components for the global defence industry. The rail wheel, axle & wheelset production unit will cater to the growing demand for railway systems & solutions both domestically and abroad.
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The new energy components unit will allow BFIL to expand its reach into the new energy sector. The company will focus on building key expertise in fuel agnostic systems & components as to further widen & balance the overall product mix. Business-Standard