Bharat Forge Signs MoU with Andhra Pradesh to Build India’s First Private Marine Gas Turbine Facility

Written by: Kusum KumariUpdated on: 19 May 2026, 6:33 pm IST
Bharat Forge will build India’s first private marine gas turbine repair and development facility in Visakhapatnam, boosting naval self-reliance and creating ~750 jobs.
Bharat Forge
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Bharat Forge Limited has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to set up India’s first private-sector Marine Gas Turbine (MGT) facility.

The project will be built in Visakhapatnam inside the Andhra Pradesh Defence Manufacturing Corridor. The announcement was made during an aerospace and defence investment conclave in Puttaparthy.

The event was attended by Defence Minister Rajnath Singh and Andhra Pradesh Chief Minister N. Chandrababu Naidu.

What the Facility Will Do?

The new complex will be located near the Naval Dockyard, INS Eksila, and the Eastern Naval Command headquarters.

It will bring key marine gas turbine repair and development work to the private sector for the first time in India.

Phase 1: Repair and Overhaul Hub

The first phase will focus on:

  • Repair and overhaul of marine gas turbines
  • Restoration of blades, vanes and combustion liners
  • Component manufacturing and testing labs
  • Faster turnaround (around 72 hours) for naval maintenance 

This will directly support the Indian Navy and improve fleet readiness.

Phase 2: Indigenous Development

The second phase will include:

  • A marine gas turbine development and assembly hall
  • A full-scale hot test facility
  • Development and certification of an indigenous marine gas turbine 

This will be the first time such a capability is built in India’s private sector.

Read More: JK Paper FY26 Turnover Rises 7%, Declares ₹4 Dividend.

Jobs and Export Opportunities

The project is expected to create about 750 direct and indirect jobs. 
The facility will also serve as a repair and overhaul hub for navies of friendly countries in the region.

Why This Project Matters?

Marine gas turbines power India’s frontline warships. Until now, India depended heavily on foreign supply chains for maintenance and parts.

Recent global disruptions have slowed repairs and affected operational readiness. This project aims to reduce that dependency and strengthen defence self-reliance.

Bharat Forge Share Price Movement

Bharat Forge share price was trading at ₹1,878.90 on 19 May at 12:58 pm, down ₹12.10 or 0.64% for the day. The stock opened at ₹1,885.00 and touched an intraday high of ₹1,902.80 and a low of ₹1,874.50. The company currently has a market capitalisation of ₹89.83K crore and trades at a price-to-earnings (P/E) ratio of 83.21. Over the past year, the stock has hit a 52-week high of ₹2,044.00 and a 52-week low of ₹1,100.50, and it has not announced any quarterly dividend.

Conclusion

Bharat Forge’s new marine gas turbine complex marks a major step in India’s push for defence self-reliance. By bringing repair, overhaul and development capabilities to India, the project will strengthen naval readiness, create jobs and position the country as a regional defence hub.

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 or 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 related documents carefully before investing.

Published on: May 19, 2026, 12:52 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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