Bharat Forge subsidiary to build ₹1,500 crore defence facility

Bharat Forge informed that Agneyastra Energetics, a subsidiary of Kalyani Strategic Systems, commenced development of a strategic defence manufacturing facility in Andhra Pradesh with planned investment of around ₹1,500 crore. The project will focus on ammunition systems, rockets and propellants. Kalyani Strategic Systems currently has an order book of nearly ₹11,000 crore.