Bharat Forge shares in focus as subsidiary secures LoI for canon supply to US

The shares of Bharat Forge will remain in focus on Thursday, February 20 after the company’s wholly owned subsidiary Kalyani Strategic Systems (KSSL) signed a letter of intent (LoI) with AM General, USA for the supply of artillery cannons.

This is the first-ever instance of an Indian defence manufacturer supplying cannons to the US.

“Building upon its extensive expertise in artillery systems and its prior collaboration with AM General, KSSL continues to establish itself as a key player in the global defence industry. The company had recently entered an agreement with AM General to co-develop a wide range of next-generation artillery solutions, including mounted, towed, and ultra-light gun systems in both 105mm and 155mm calibers,” the company said in a filing to the exchanges.


KSSL (a wholly owned subsidiary of Bharat Forge Limited), a pioneer in the Indian defence industry with a strong research-and-development focus, has developed a number of indigenous weapon platforms, offroad protected mobility solutions and high-technology military products. It is already exporting its in-house designed and developed artillery systems, munitions, and mobility solutions globally.

AM General, a global leader in military vehicle platforms, has been actively exploring next-generation artillery solutions. The company's prior collaboration with KSSL on artillery platforms has paved the way for this deeper engagement.

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“Supply of made-in-India critical defence systems to the United States is pathbreaking! We at KSSL are proud to be the first Indian company to supply cannonsto U.S. It is a testament to our capabilities and a major advancement in our mission to be a world leading Artillery Solutions provider. This agreement underscoresthe trust and confidence that global defence leaders,such as AM General, place in our capabilities. It also reinforces our commitment to delivering cutting-edge, battle-proven solutions to meet modern warfare requirements,” said Baba Kalyani, Chairman & Managing Director of Bharat Forge.

The shares of Bharat Forge closed flat at Rs 1,075.35 on the BSE on Wednesday.

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