By A Correspondent

Mumbai: Balu Forge Industries Limited (BFIL), a city-based precision engineering and manufacturing company, has bagged an order to supply 30,000 units of 152 mm artillery shells to an Indian ammunition maker, witnessing a nearly 3% jump in stock prices on Indian Bourses (BSE, NSE: BALUFORGE) on Tuesday (June 2, 2026).

The company’s filings on Monday (June 1) noted that the order was “significant” in the large-calibre ammunition segment, and the order volume was projected to scale up to 100,000 units for other variants.

It said the partnership with the Indian ammunition maker to supply the artillery shells marked “a critical milestone” in the company’s “expanding footprint” in the domestic defence sector.

“Supplies for this strategic order are scheduled to commence in June, 2026,” Balu Forge Industries said, noting that this current initial order would lay the groundwork for “a robust, long-term collaboration” with the Indian ammunition maker.

Balu Forge Industries, however, kept the identity of the ammunition maker, from whom it got the order, under wraps, and did not mention its name in the Bourses filing.

“The order volume is projected to scale up to over 100,000 shells with additional variants, reflecting the strong demand and confidence in BFIL’s manufacturing capabilities,” the filing said.

“Furthermore, the agreement outlines the integration of additional ammunition variants into the production pipeline in due course, allowing the company to comprehensively cater to evolving artillery requirements,” it added.

BFIL said the execution of the order would be driven by the company’s 100% indienously built, fully automated empty shell production line located at its greenfield facility in Belgaum, Karnataka, spread over a 46+ acre campus equipped with high-capacity hydraulic hammers and forging presses, and supported by a dedicated in-house tool room

“Powered by advanced robotics, the unmanned forging line delivers unprecedented precision, speed, and efficiency,” it added.

To meet the escalating domestic and international demand for large-calibre ammunition, BFIL is proactively increasing the capacity of this automated shell line.

“This expansion aligns with the Government of India’s Aatmanirbhar Bharat (Self-Reliant India) initiative, further establishing BFIL as a cornerstone of indigenous defence manufacturing,” the company said.

In a move to transition up the value chain and offer comprehensive end-to-end defence solutions, BFI is venturing into forward integration through its dedicated subsidiary, Quandum Energeitics.

“This strategic expansion focuses on advanced energetics and defence materials. It will enable the company to move beyond manufacturing precision empty shell bodies and actively participate in the advanced stages of ammunition development and filling technologies,” it said.

To maintain global quality standards, the company holds NATO certification and a long-term memorandum of understanding. “This elite accreditation officially qualifies BFIL as a trusted supplier of high-precision, mission-critical defence components for NATO member-states.

“It underscores the company’s stringent quality control, metallurgical excellence, and readiness to fulfill high-margin international defence contracts alongside its domestic commitments,” the company said.

“This prestigious order represents a monumental shift in our defence manufacturing trajectory. Securing a contract for 152 mm large-calibre ammunition from a premier domestic partner highlights our capability to deliver world-class precision engineering solutions by combining our fully automated state-of-the-art shell production line with our strategic forward integration into advanced energetics,” the company said.

“Furthermore, our NATO certification serves as a validation of our stringent quality standards, opening major global corridors alongside our commitment to making India self-reliant in defence production under the Aatmanirbhar Bharat vision,” it added.

Founded by Prehlad Singh Chandock, BFIL delivers forged and machined components across multiple global industries, offering a comprehensive product portfolio ranging from 1 kg to 1,500 kg, and up to three metres in length.

BFIL supports diverse applications in automotive, industrial vehicles, earthmoving equipment, wind energy, aerospace, defence, oil and gas, railways, marine, and agriculture.

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