2 hrs ago
Bharat Forge Arm Signs Defence Pacts With Thales, FN Herstal
Kalyani Strategic Systems is a defence company owned by Bharat Forge.
It signed one agreement with Thales and another with FN Herstal.
Thales makes 70-mm rocket systems, and the companies want to explore making them in India.
The rockets can be unguided or laser-guided.
KSSL and FN Herstal also want to study creating a production center in India.
That project could include small arms, weapon systems and equipment to counter unmanned aircraft.
The companies say these partnerships could help India make more defence equipment locally.
They also hope the work can support India’s armed forces and possible international opportunities.
Kalyani Strategic Systems signed an agreement with Thales to explore unguided and laser-guided 70-mm rocket systems in India.
The Thales partnership combines Belgian rocket expertise with KSSL’s local manufacturing and testing facilities.
KSSL and FN Herstal will assess creating an Indian production center through a joint venture agreement.
The proposed FN Herstal collaboration covers small arms, integrated weapon systems and counter-unmanned aerial system solutions.
The partnerships support local manufacturing, technology cooperation and India’s Make in India defence objectives.
- Who
- Kalyani Strategic Systems, a wholly owned Bharat Forge subsidiary, signed agreements with Thales and FN Herstal.
- What
- The companies agreed to explore 70-mm rocket-system production and assess an Indian production center for FN Herstal defence solutions.
- Where
- The collaborations are focused on production in India; the Thales agreement was signed during the Belgian state visit to India, and KSSL’s upcoming energetics facility is in Andhra Pradesh.
- When
- The announcements were made on Thursday, after market hours.
- Why
- The partnerships aim to support India’s Make in India mission, local defence manufacturing, technology cooperation and domestic defence requirements.
Key facts
- Bharat Forge subsidiary
- Kalyani Strategic Systems is a wholly owned subsidiary of Bharat Forge.
- Thales agreement
- KSSL signed a strategic alliance agreement to explore unguided and laser-guided variants of Thales’ 70-mm rocket systems.
- Rocket expertise
- Thales will contribute expertise in 2.75-inch/70-mm rockets and launchers developed in Belgium.
- FN Herstal agreement
- KSSL and FN Herstal will assess developing a production center in India through a joint venture agreement.
- Proposed defence products
- The FN Herstal collaboration covers small arms, integrated weapon systems and counter-unmanned aerial system solutions.
- Share-price performance
- Bharat Forge’s stock ended Thursday’s session flat; its price had declined about 10% over one month and gained nearly 6% over six months.
Quotes
Ankur Kanaglekar
Vice-President – India at Thales
“By combining Thales’ proven technologies with Kalyani Strategic Systems’ advanced industrial ecosystem, including our upcoming energetics facility in Andhra Pradesh, this strategic partnership lays the foundation for indigenous production of next-generation rocket systems.”
financialexpress.com
“By combining our combat-proven 70mm rocket expertise from Belgium with KSSL’s engineering and manufacturing strengths, we are co-creating capabilities that will enhance India’s operational readiness and advance its vision of self-reliance in critical defence technologies.”
financialexpress.com
Sources
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