Chennai: BSE listed Balu Forge Industries Ltd, an automotive engineering major, has said it is expecting its next level of growth from the new energy vertical and supplies to the defence industry.
The company is now an avant-garde manufacturer of fully finished/semi-finished forged crankshafts and other forged components and has presence in automotive, agricultural, industrial, defence, marine and the new energy spheres. It recently bagged the ‘ET Icons Award 2020-21’ for innovation in engineering.
“Defence is also a key component in the coming years as we enhance our presence in defence industries keeping in line with the government of India initiative of Atmanirbhar Bharat,” said its managing director Jaspal Singh Chandock.