Bharat Forge Ltd and Kalyani Strategic Systems, to Produce A Wider Range of Armoured Vehicles in India for Paramount's Global Customers
September 14, 2023 at 05:12 pm IST
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Paramount a broadening of its development and manufacturing partnership with Indian industrial conglomerate, Bharat Forge Ltd. and Kalyani Strategic Systems, to produce a wider range of armoured vehicles in India for Paramount's global customers. The existing industrial partnership between Paramount and India-based engineering and technology conglomerate Bharat Forge Ltd. and its subsidiary, Kalyani Strategic Systems, has to date resulted in the successful development and produce on of large volumes of the locally-made KM4 armoured vehicles for the Indian Army. Announced at the London-based Defense and Security Equipment International Conference (DSEI 2023), the companies are looking to leverage the strong industrial capabilities and engineering excellence of the Kalyani Strategic Systems to develop and manufacture armored vehicles for Paramount's global customers, in step with Paramount's continued global expansion and produce on strategy.
Bharat Forge Limited is an India-based global provider of safety and critical components and solutions to various sectors including automotive, railways, defense, construction and mining, aerospace, marine, and oil and gas. The Company's segments include Forgings and Others. The Company is engaged in the manufacturing, assembling and selling of forged and machined components, including aluminum castings for the auto and industrial sector. It is also engaged in the manufacturing and assembly of electric vehicle related components. Its automotive products include engine, such as crankshaft, connecting rod, emission/after treatment and fuel injection system; chassis, such as front axle beams, steering knuckles, knuckle, fork and reinforcement bracket, and transmission and driveline, such as transmission components and driveline components. The Company's power products include thermal, such as shafts and gear boxes; hydro, such as rotor and others, and wind, such as shafts and gear boxes.