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13th October 2014

Safran and Bharat Forge to form partnership to address opportunities in Indian Civil and Military Aerospace

Global Aerospace, Defence, and Security leader Safran, and India’ s leading high technology components company, Bharat Forge, announce the start of a long-term partnership to supply critical high integrity forged and machined components, for commercial aircr aft applications to Safran’ s global affiliates. The first step of this partnership is a Purchase Order issued today by Safran.

Over the past 18 months, Safran and Bharat Forge have successfully worked on a demonstrator phase for initial trial production of cr itical forgings in a variety of materials, including titanium, nickel based and steel alloys, for aerospace. This success is the result of intensive engineering a nd manufacturing collaboration. Both companies will also seek to explore and address other opportunities in Indian aerospace for civil and military sectors.

According to Stephane Lauret, CEO, Safran India Private Limited, “This latest development reflects our two companies’ commitment to expanding our collaboration for the benefit of our custome rs in India and abroad .” BN Kalyani, Chairman & Managing Director of Bharat Forge, added, “The partnership highlights our unwavering commitment to add tangible value to the vast opportunities offered by the Indian aerospace sector and confirms our resolve to strengthening our partnership for supplying forged components to Safran ’ s global affiliate network.”

Both Companies consider this award to be a significant milestone to cement a strong and long-term relationship.

About Bharat Forge

Bharat Forge Limited (BFL) is the flagship company of the USD 2.5 billion Kalyani Group and a global provider of high performanc e, innovative, safety & critical components and solutions to various industrial sectors including Automotive, Oil & Gas, Power, C onstruction & M ining , Aerospace and Rail & Marine. BFL today has largest repository of metallurgical knowledge in the region and offers full service supply capability to its geographically dispersed marquee cu stomers from concept to product design, engineering, manufacturing, testing and validation. At the cusp of a breakout growth & transformation into an engineering conglomerate through its aggressive foray in capital goods and infrastructure sectors, BFL is committed to proactively expedite India’s transformation into a global economic powerhouse.

About Safran

Safran is a leading international high - technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Group has 66,300 employees and generated sales of 14.7 billion euros in 2013*. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.8 billion Euros in 2013. Safran is listed on Euronext Paris and is part of the CAC40 index.

* Sales in 2013 restated for the impacts of IFRS11 amounted to 14.4 billion euros. For more information,