Bharat Forge and Rolls-Royce in strategic agreement

Rolls-Royce and Bharat Forge (BFL) signed a deal for a significant supply agreement for long term co-operation. The agreement anticipates supply of critical & high integrity forged and machined components for a range of aero engines including the flagship Trent engine.

BFL's strategic agreement has a time period of about 18 months to define and secure necessary level of rigid quality & process approvals. Both Companies believe that  the deal would be milestone to build a strong and long-term relationship.

BFL's deal would play a significant role in the global aerospace supply chain with forged and machined products and assemblies in future. The supply chain partnership with Rolls-Royce would step to achieve a stated goal of USD 100 million (RS 6678.5 million) revenue from the aerospace sector.

BFL's shareholding pattern indicates that FII holdings expanded by 277 basis points to 18.04 per cent while DII holdings contracted by 290 basis points to 13.87 per cent in September 2015 quarter. The share price of the company increased by 2.86 per cent on bourses in early trades and is trading at Rs 803.7 on intraday basis.

Rolls-Royce is a world leader in power systems for aerospace, land & sea. The company is one of the world’s leading producers of aero engines for large civil aircraft and corporate jets. It is also in marine, distributed energy, oil & gas, rail and off-highway vehicle applications.

BFL is the flagship company of Kalyani Group. The company is a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including Automotive, Oil & Gas, Power, Construction & Mining, Aerospace and Rail & Marine.It has its manufacturing footprint across 10 locations spread in countries like India, France, Germany and Sweden.