Bharat Forge Limited has informed the Exchange regarding a press release dated March 05, 2026, titled "Boost to Atmanirbharta in Naval/Commercial Shipbuilding for Marine Engineering, as KSSL and GRSE Sign MoU".
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Kalyani Strategic Systems Limited (KSSL), a wholly owned subsidiary of Bharat Forge, has signed an MoU with Garden Reach Shipbuilders & Engineers Ltd. (GRSE), a leading government-owned shipyard under the Ministry of Defence. The partnership aims to jointly develop indigenous solutions in marine engineering, including ship propulsion systems, steering gear, and integrated platform management systems for both naval and commercial vessels. The collaboration is positioned as a boost to India's Atmanirbharta (self-reliance) in defence and shipbuilding. KSSL brings over five decades of engineering and manufacturing expertise, while GRSE contributes its warship-building credentials and Ministry of Defence backing.
This MoU opens a new defence-marine vertical for Bharat Forge through its subsidiary, potentially adding a long-term growth segment in indigenous naval and commercial shipbuilding. Positive signal for shareholders as it diversifies revenue beyond auto forgings into high-margin defence orders, though the MoU is preliminary and actual revenue impact will depend on follow-on contracts.