Bharat Forge · Annual Report · FY 2025-26 Download Full Report

We are strengthening our manufactured capabilities to support our evolution into a broader engineering-led enterprise. Our global manufacturing footprint, specialized production lines, and capacity expansions enable us to serve complex requirements across automotive, defense, aerospace, industrials, and emerging technology platforms.

Material topics linked

M1 M2 M5 M8 M11 M13

Risks Linked

R1 R2 R3 R5

UN SDGs Linked

UN SDGs linked: 8 Decent work and economic growth, 9 Industry innovation and infrastructure, 12 Responsible consumption and production

Initiatives undertaken

Expanding our manufacturing footprint for advanced growth

We operate 5 manufacturing units in India. We engineer products made using Steel alloys, Titanium and Inconel. This footprint enables us to serve geographically dispersed customers across automotive, defense, aerospace and industrial sectors, with integrated capabilities from design to validation.

5 manufacturing locations

Spread across two states, enabling full-service supply capabilities from design to validation

238,355 tons

Standalone sale tonnage reported by Indian operations in FY2026

Manufacturing safety helmet

Building specialized forging and machining capacity for aerospace and high value manufacturing

We are expanding our manufactured capital through high-value projects across Baramati and Pune. We are also investing to build new forging & machining capacity for Aerospace, Data centre’s energy systems and semiconductor manufacturing equipment. Investments in Ring mill, Forging and machining assets at Baramati, are expected to handle specialty alloys for Aerospace Forging, Large engine components to support Back-up power generators for data centres and forged components for semiconductor manufacturing equipment. Designed as fungible capacities, these capabilities will establish us as a supplier of complex Forgings for highly critical assignments.

Deepening defense, and product-led manufacturing

We are strengthening vertically integrated defense manufacturing capabilities across large-caliber ordnance, small arms, Artillery, Naval and Unmanned autonomous vehicles.

76 mm to 155 mm consumables capability

Supported by vertically integrated manufacturing for large-caliber defense systems

Manufacturer of Barrels and Turrets

Capability to supply full machined Artillery Barrels and Turrets, opening significant new business as well as replacement opportunities

All numbers quoted on standalone basis

Certified under standards*

Scope Sector
ISO 9001:2015 Forging, Machining & Fabrication of Components Engineering & Capital Goods
IATF 16949:2016 Forging, Machining of Steel Components Automotive
AS 9100:2016 Forging & Machining of Components Aerospace, Defense & Space
API Spec Q1 & 20B Open Die Forging using Steel Alloys Oil & Gas
ISO 14001:2015 Close, Open Die Forging and Machining Environment Management
ISO 45001:2018 Close, Open Die Forging and Machining Occupational Health & Safety
NADCAP Heat Treatment Cover Heat Treatment for Steel, Titanium, Nickel and Cobalt Alloys Aerospace
NADCAP Non-Destructive Testing Cover Inspection for Multiple Impurities including Magnetic Particles Aerospace
DAQA Manufacturing & Machining of Steel, Titanium and Alloy Forging Aerospace Quality Assurance
ISO 27001:2022 Information Security Defense, IT Data Centre, IT Services & Support and Engineering Design Centre
ISO 50001:2018 Close, Open Die Forging and Machining Energy Management
ISO 17025:2017 Metallurgy Lab Engineering & Capital Goods

*On standalone basis

Our India manufacturing excellence (includes India subsidiaries)

Scaling adjacent platforms and increasing Content per customer

JS Autocast is expanding casting capacity, with a focus on the medium-weight segment. Investments in machining will lead to more in-house value capture. We have seen tangible wallet share gains by combining Forgings and Castings solutions to some of our leading customers.

The acquisition of K Drive Mobility has added manufacturing facilities and engineering know-how for LCV, SUV, Buses and E-LCV axles.

Going ahead our focus on engineered, high value products will significantly alter the product mix of Bharat Forge’s India business.

₹1,000 crore planned capex for India operations over FY2027

Planned over 12-15 months across Forging, Casting, Products platforms and Explosives with a focus on high-value engineered products and complex components

Capturing more value in explosives manufacturing

With an aim to increase our value-add and forward integrate, our step-down subsidiary, Agneyastra Energetics, acquired land for an integrated campus in Andhra Pradesh to manufacture advanced ammunition, propellants and high-safety testing infrastructure.

Precision-machined engine component

What’s next

  • The near-term outlook remains strong driven by growth in Aerospace business, supply of engine components to back up power generators for data centres
  • New Aerospace Forging capacity to become fully operational in FY2028. The recent order wins for Engine components, Landing Gear Systems and Aircraft structural parts from marquee names like Rolls Royce, Liebherr Aerospace, Pratt & Whitney Canada offer a steady growth pipeline
  • Bharat Forge became the 1st supplier to Embraer from India. Engagement to commence with supply of Landing Gear components
  • New initiatives for high value components supply to large Generators supporting data centres
  • Scale up of Axle Products portfolio with focus on LCV, SUVs, buses and E-mobility platforms
  • JS Autocast to be the anchor platform for all Ferrous Casting related activities of Bharat Forge Group. Recent fund raiser will drive capacity expansion on the Foundry and Machining side. In addition to small castings, JS Autocast is building competency to venture in the medium weight category as well
  • New capex program across the organization and its Indian subsidiaries will drive growth in high-value complex components as well as set the stage for roll-out of more products/ platforms