Balu Forge Industries Limited has informed the Exchange about formation and investment in the Equity Shares of Swan Balu Forge Heavy Industries Private Limited, an Associate of the Company.
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Balu Forge Industries has invested in Swan Balu Heavy Industries Private Limited (SBHIPL), a joint venture/SPV formed with Swan Energy Limited, by subscribing to 40,000 equity shares at face value of Rs. 10 each. This gives Balu Forge a 40% stake, making SBHIPL an Associate company. The SPV was incorporated in April 2025 to explore supply of products and solutions for the global Defence, Aerospace, Railways and Nuclear industries. This is a continuation of the board's earlier approval from November 2024 for forming the JV. The investment is a cash infusion for 40% of the share capital.
This move expands Balu Forge's footprint into high-growth, high-barrier sectors like defence and aerospace through a strategic partnership with Swan Energy. For shareholders, this signals diversification beyond the company's existing forging business and access to marquee industrial segments, which could support long-term growth if the venture scales successfully.