Kalyani Strategic Systems bags export order for 155 mm artillery gun platform from Armenia

Pune-based Bharat Forge announced that Kalyani Strategic Systems, a wholly owned subsidiary of Bharat Forge has been awarded an export order for a 155 mm artillery gun platform to be executed over a three-year time frame.

The total value of the order is $155.5 million (approximately Rs 1,265 crore).

Notably, the order value amounts to more than one-tenth the value of India’s annual defence exports in each of the last two years.

Although Bharat Forge has neither announced the name of the buyer country nor the type of gun being exported.

However, Ministry of Defence (MoD) sources have confirmed that the buyer country is Armenia and the order is to be executed over three-year time frame.

About Bharat Forge: Bharat Forge Limited is the flagship company of the USD 3 billion Kalyani Group and a global provider of high performance, innovative, safety & critical components and solutions to various sectors including Automotive, Railways, Defence, Construction & Mining, Aerospace, Marine and Oil & Gas.

Further, the company has the largest repository of metallurgical knowledge in the region and offers full-service supply capability to its geographically dispersed marquee customers from concept to product design, engineering, manufacturing, testing and validation.

At the cusp of a breakout growth & transformation into an engineering conglomerate through its aggressive foray in capital goods and infrastructure sectors, Bharat Forge is committed to proactively expedite India’s transformation into a global economic powerhouse.

About KSSL: Kalyani Strategic Systems Ltd. (KSSL) is a 100% subsidiary of Bharat Forge Limited, set up as a flagship company to drive defence business initiatives.

Noteworthy, the Group’s legacy and experience in design, engineering, metallurgy, and manufacturing expertise spanning over five decades have played a key role in the Group emerging as one of the leading defence players in India with established capabilities of entities within its fold across key locations in India.

Source: https://www.business-standard.com/article/companies/bharat-forge-s-subsidiary-to-sell-155-mm-artillery-at-155-mn-to-armenia-122110901619_1.html