India Procurement News Notice - 67214

Procurement News Notice

PNN 67214
Work Detail Balu Forge Industries Ltd. has announced a significant expansion with the establishment of a new forging capacity of 72,000 tons annually. This expansion includes the acquisition of three new forging production lines: a 16-ton closed die forging hammer, a 10-ton closed die forging hammer, and an 8,000-ton capacity mechanical press. These facilities will be part of BFIL’s new greenfield project in Belagavi, Karnataka. The new forging unit, featuring advanced automation and Industry 4.0 technologies, aims to enhance BFIL’s R&D capabilities and integrate with their recently acquired precision machining unit from Mercedes Benz. This integration is expected to strengthen the company’s engineering and precision product offerings, particularly for industries such as oil and gas, aerospace, defense, railways, mining, and automotive parts manufacturing. BFIL’s new facility will enable the production of forgings up to 800-900 kg, bolstering their presence in the engineering industry. Additionally, expanded R&D capabilities in alloy mixing and metal combinations will allow BFIL to develop products from various alloys, including aluminum and titanium. This initiative targets major growth industries and OEM markets across North America, Europe, Asia, and the Middle East.
Country India , Southern Asia
Industry Other Industries
Entry Date 22 May 2024

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