Share of Bharat Forge Ltd gained 2% on 20 February after the company announced that its subsidiary, Kalyani Strategic Systems signed a letter of intent (LOI) with US-based AM General for supplying India-made advanced artillery guns to the United States.
In its regualtory filing, the company said, “Kalyani Strategic Systems Ltd (KSSL), a 100 per cent subsidiary of Bharat Forge Ltd, India, and AM General, USA, have signed a Letter of Intent (LOI) at IDEX 2025 for the supply of made in India advanced artillery cannons to the United States. This marks the first-ever supply of cannons from an Indian defence manufacturer to the United States, a testament to the strengthening bilateral defence cooperation between our two nations.”
Baba Kalyani, Chairman & Managing Director, Bharat Forge, said, “Supply of made in India critical defence systems to the United States is pathbreaking! We at KSSL are proud to be the first Indian company to supply cannons to the US. It is a testament to our capabilities and a major advancement in our mission to be a world leading Artillery Solutions provider.”
Kalyani added that this agreement underscores the trust and confidence that global defence leaders place at the company’s capabilities. This also reinforces the company’s commitment towards delivering cutting-edge, battle-proven solutions to meet the modern warfare requirements.
Previously, the company entered into an agreement with AM General to co-develop a wide range of next-generation artillery solutions that includes towed, mounted, and ultra-light gun systems in both 105mm and 155 mm calibers.
Bharat Forge Limited is a globally recognized manufacturing leader specializing in advanced components and solutions for industries including automotive, aerospace, railways, marine, and energy.
Driven by research, development, and innovation, the company consistently delivers high-tech engineered products tailored to evolving customer needs. Its Pune facility, the world’s largest single-location forging plant, stands as a testament to its manufacturing excellence.
However, at 12:17 pm, the shares of Bharat Forge were trading flat or 0.0047% lower at Rs 1,076 on NSE.
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