Balu Forge jumps 10% on MoU for empty artillery shell production

Balu Forge hit 10% upper circuit at ₹490.75 on Thursday, after entering into an MoU for the supply of empty artillery shells from its greenfield manufacturing facility in Belgaum. This development marks the next milestone in the company’s defence manufacturing journey following its onboarding into the NATO supply chain and the commercialisation of its empty shell production line.