Bharat Forge Subsidiary to Build Defence Manufacturing Complex

Bharat Forge is expanding its defence business.

Its subsidiary, Agneyastra, will build a large factory in Andhra Pradesh after acquiring land.

This factory will manufacture high explosives and ammunition, and gun propellants.

They also aim to expand into energetics for rockets, missiles, and space launch vehicles in the future.

Bharat Forge is restructuring its defence business.

The company’s shares have decreased in value recently.

This news is developing, and more information will be provided later.