Bharat Forge Unit Acquires 949.65 Acre Land in Andhra to Build Defence Manufacturing Complex

Bharat Forge Ltd announced on September 4, 2025, that its step-down subsidiary, Agneyastra Energetics Limited, has signed an agreement with the Andhra Pradesh Industrial Infrastructure Corporation Ltd. The deal covers 949.65 acres of land in Madakasira, Anantapur district.

Planned Defence Complex

The land will be used to set up a defence energetics complex. Facilities planned include a high explosives manufacturing unit, an ammunition filling plant, and a gun propellant facility. The company noted that the site also allows for future expansion into energetics for rockets, missile systems, space launch vehicles, and advanced applications.

Subsidiary Structure

Agneyastra Energetics was incorporated through Kalyani Strategic Systems Limited, which is a wholly-owned subsidiary of Bharat Forge. The group said the acquisition is part of its growth plans in the defence manufacturing segment.

Bharat Forge Q1FY26 Earnings Results

On a standalone basis, Bharat Forge’s revenue for Q1 fell 10% year-on-year to ₹2,105 crore. The decline was mainly attributed to weaker export performance.

The company reported EBITDA of ₹571 crore. EBITDA margin came in at 27.1%, compared to 27.9% in the same quarter last year.

Read more: Sept 19, 2025 Set as Record Date for NALCO's Final Dividend for FY25!

Bharat Forge Share Price Performance 

As of September 5, 2025, 10:55 AM, Bharat Forge share price was trading at ₹1,129.50, a 0.17% decrease from the previous closing price.

Conclusion

The land purchase in Andhra Pradesh marks Bharat Forge’s push into a larger role in defence manufacturing, even as the company reported a weaker first quarter.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.