BFIL announces acquisition of three Forging Lines capable of producing 72K Tons per annum of heavy forged products
Hyderabad, May 21, 2024……Balu Forge Industries Limited (BFIL), a prominent precision engineering company engaged in manufacturing of crankshafts & forged components, announces the acquisition of three forging lines in a combination of Hammers & Presses capable of producing 72,000 tonnes p.a. of heavy forged products.
Disclosing this in a press note issued in Hyderabad today, the company said, these newly acquired forging lines will seamlessly integrate with the precision engineering expansion taking place at its upcoming manufacturing campus in Belagavi, Karnataka thereby making BFIL an integrated one-stop solution provider for advanced machining solutions for critical industries viz. Railways, Defence, Oil & Gas, Mining, Aerospace, Defence, Aluminium & other essential precision industries globally.
The new forging unit will be seamlessly integrated with the recently acquired precision machining unit of Mercedes Benz. This will further strengthen our product engineering & increase our precision product offerings to global majors operating in the critical engineering & safety components industry with end-to-end solutions under one roof.
This forging unit includes a 16-ton closed-die forging hammer, ranking amongst the largest in the country and capable of producing forgings up to 800-900 kgs. This capacity will be further enhanced with a 10-ton closed-die forging hammer line and an 8,000-ton capacity mechanical forging press. With these facilities, it is advancing our presence in engineering critical industries viz. Oil and Gas, Aerospace, Defence, Railways, Mining, Aluminium and Auto part manufacturing and many other critical industries.
This acquisition strengthens and expands our critical engineering products portfolio and enhances R&D capabilities in alloy mixing & metal combinations BFIL informed. It provides us unique strength in creating products from different alloys based on Aluminum to Titanium which shall enable BIFL to expand its product offering to major growth industries for critical engineering products and to further capture the OEM market that we cater to across North America, Europe, Asia, and the Middle East regions.