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Bharat Forge subsidiary to build ₹1,500 crore defence facility
short by / on Monday, 18 May, 2026
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.