Bharat Forge Subsidiary Breaks Ground on Strategic Defence Facility in Andhra Pradesh

Bharat Forge share price is expected to remain in focus after the company announced that its subsidiary, Agneyastra Energetics Limited, has commenced development of a major strategic defence manufacturing facility in Andhra Pradesh. 

The upcoming integrated campus will be developed with a planned investment of ₹1,500 crore over the next 2 to 4 years.  

Agneyastra Energetics to Develop Large Defence Manufacturing Campus 

According to the company’s press release, Agneyastra Energetics Limited, a wholly owned subsidiary of Kalyani Strategic Systems Limited, the defence arm of Bharat Forge, has started construction of the facility near Madakasira in Sri Sathya Sai District, Andhra Pradesh.  

The project will be spread across more than 1,000 acres and will include advanced manufacturing technologies, high-safety testing infrastructure, and specialised logistics capabilities.  

The facility is expected to enhance India’s domestic production capabilities for advanced energetics and ammunition systems used in defence and aerospace applications.  

The company stated that the project is expected to create nearly 800 direct jobs and around 2,500 indirect employment opportunities, while also supporting Andhra Pradesh’s emergence as a defence and aerospace manufacturing hub.  

Project Aims to Strengthen Indigenous Defence Manufacturing 

Bharat Forge said Agneyastra Energetics has been established to reduce India’s dependence on imported energetics materials by developing indigenous and globally compliant defence solutions.  

The initiative aligns with the Government of India’s Aatmanirbhar Bharat initiative and focuses on import substitution and technological self-reliance in strategic defence materials.  

AS per exchange filings, Mr Baba Kalyani, Chairman & Managing Director, Bharat Forge Limited, said: “India has a significant opportunity to emerge as a globally trusted source for advanced defence systems and critical materials.  

Agneyastra Energetics is a strategic step towards building a strong indigenous energetics ecosystem and globally competitive capabilities from India for both domestic and international markets.”  

Read More: Bharat Forge Share Price Gains Nearly 2% on Strong North America Truck Orders! 

Bharat Forge Share Price Performance 

As of 15 May 2026, at 3:30 PM, Bharat Forge share price closed at ₹1,913.10 per share, reflecting a decline of 1.84% from the previous closing price. 

Conclusion 

The ₹1,500 crore investment marks a major expansion of Bharat Forge’s defence manufacturing presence and strengthens its long-term positioning in India’s strategic and indigenous defence ecosystem. 

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