Kalyani Group-Backed Defence Company Signs MoU To Establish India’s First Private Marine Gas Turbine Facility

The Indian equity markets traded higher on Tuesday, with the benchmark Nifty 50 index rising 0.40 per cent to 23,745.50 during the session. Defence and Aerospace stocks remained in focus amid increasing domestic manufacturing investments and government-led defence indigenisation initiatives. In this segment, Bharat Forge remained under pressure and traded 0.41 per cent lower at Rs 1,883.30 after the company announced signing of a Memorandum of Understanding with the Andhra Pradesh Government for a marine gas turbine facility at Visakhapatnam.

Bharat Forge Signs MoU For Marine Gas Turbine Facility

Bharat Forge informed exchanges that the company signed a Memorandum of Understanding with the Government of Andhra Pradesh to establish India’s first private-sector Marine Gas Turbine (MGT) Repair, Overhaul and indigenous Development complex at Visakhapatnam through its aerospace business division.

According to the company, the facility will be developed across approximately 80 acres within the Andhra Pradesh Defence Manufacturing Corridor and will be co-located with the Naval Dockyard, INS Eksila and Eastern Naval Command Headquarters.

The MoU was signed in the presence of Defence Minister Rajnath Singh and Andhra Pradesh Chief Minister N. Chandrababu Naidu during the Aerospace and Defence Investment Conclave held at Puttaparthy.

Project Details

The company stated that Phase 1 of the project will include a full Marine Gas Turbine repair and overhaul complex comprising hot section restoration of blades, vanes and combustion liners, component manufacturing facilities, non-destructive examination laboratory and a 72-hour turnaround capability for the Naval Dockyard at Visakhapatnam.

Phase 2 will include establishment of India’s first private-sector Marine Gas Turbine development and assembly hall along with a full-spectrum hot test cell scalable across propulsion ratings. The company also stated that the project would support development and qualification of an indigenous marine gas turbine in India.

Bharat Forge added that the facility is expected to serve as a regional repair and overhaul hub for friendly nation navies and create around 750 direct and indirect employment opportunities.

Management Commentary

“These projects will cater to all three Services and strengthen our efforts to make India self-reliant in defence manufacturing. Andhra Pradesh is set to emerge as a major hub of aerospace and defence production.” — Shri Rajnath Singh, Raksha Mantri, Government of India.

“New Andhra Pradesh is being built on the pillars of innovation, infrastructure and industrialisation. As India moves towards Viksit Bharat, Andhra Pradesh will lead from the front.” — Shri N. Chandrababu Naidu, Chief Minister, Andhra Pradesh.

“India's warships have long carried the might of this nation on engines built abroad. That dependence ends here, at Visakhapatnam. Bharat Forge’s Aerospace division is committing to bringing Marine Gas Turbine repair, overhaul, and indigenous development onto Indian soil — for the first time in the private sector, co-located with the very Naval Command that depends on these engines. This is not just an investment. This is our pledge to the Indian Navy, and to the nation.” — Amit Kalyani, Vice Chairman & Joint Managing Director, Bharat Forge Ltd.

About Bharat Forge

Bharat Forge Ltd is engaged in manufacturing high-performance safety-critical components and solutions across automotive, aerospace, defence, Railways, marine, oil & gas and industrial sectors. The company operates a global manufacturing network across multiple countries.

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Disclaimer: This article is for informational purposes only and not investment advice.