Balu Forge Announces Milestones, New Orders; Shares Up 7.6%

Mumbai, November 02: Balu Forge Industries Limited announced operational milestones across defence, aerospace, energy and heavy mobility, including dispatches of 152mm empty artillery shells, quality approval for its 155mm Extended Range Full Bore (ERFB) shell and new international customer orders.

The company said it had also received approval for jet engine components for the aerospace sector and secured an order from a leading US oil and gas player for components weighing over 450 kg each.

Defence Manufacturing and Dispatches

Balu Forge reported multiple successful dispatches of 152mm empty shells against an earlier order. It also achieved quality approval for its 155mm ERFB shell, meeting a Total Indicated Runout (TIR) forging tolerance of 3mm and a machined wall tolerance of 0.3mm. Serial dispatches are expected to begin shortly.

The company also received approval and new orders for 105mm empty shells from a major Indian defence factory, with dispatches expected to commence shortly.

Aerospace and Energy Orders

Balu Forge received approval for jet engine components for the aerospace sector, marking progress in its entry into the precision-intensive aerospace market.

In the energy segment, the company secured an order from a leading US oil and gas player for large components weighing over 450 kg each. The order followed a successful plant audit and drawing approval, according to the company.

European Heavy Mobility Order

The company also received a purchase order from a Czech Republic-based armoured vehicle manufacturer. The customer supplies vehicles used in defence, mining, quarrying, construction and drilling. Balu Forge said the order strengthens its presence in the European heavy mobility segment.

Executive Director Trimaan Chandock said the latest developments reflect progress in converting orders into dispatches and expanding the company’s customer base across geographies. He added that Balu Forge is targeting machining volume of 80,000 tonnes and annual revenue growth of 25–30% over the next two years, followed by a significant ramp-up in the third year.

Stock Market Snapshot

The Balu Forge share price was trading at ₹476.10, up 7.61% on Monday, November 2, compared with the previous close of ₹442.45. The stock opened at ₹456.00.

The quote reflects the intraday price displayed at 9:28:32 AM IST. The price movement alone does not establish a direct link between the operational update and the stock’s performance.

About Balu Forge Industries

Balu Forge Industries Limited manufactures forged and machined components for industries including automotive, defence, aerospace, energy, railways and agriculture. Its operations include forging and precision machining capabilities.

Conclusion

Balu Forge reported progress in artillery shell dispatches and quality approvals, alongside new orders and customer approvals across aerospace, energy and European heavy mobility. The developments support the company’s stated strategy of expanding into higher-value engineering segments.

Source:

• https://www.nseindia.com/get-quote/equity/BALUFORGE/Balu-Forge-Industries-Limited
• https://nsearchives.nseindia.com/corporate/BALUFORGE_02112026085611_Submission.pdf