Bharat Forge Ltd has secured a long-term contract from Pratt & Whitney Canada for the supply of mission-critical aerospace engine components. According to reports from Rediff Moneynews, the components will be manufactured at Bharat Forge's state-of-the-art aerospace facility in India. This strategic partnership represents a significant development in India's aerospace manufacturing capabilities, with the facility specifically designed to produce high-performance, high-value aero-engine products that integrate advanced manufacturing technologies and adhere to the highest global standards of quality, precision, reliability, and traceability essential in the aerospace industry.
As part of this expanded partnership, Bharat Forge has established a new advanced ring mill facility in Baramati, Maharashtra, which is operational by 2026. This strategic expansion demonstrates the company's commitment to scaling aerospace manufacturing capabilities to meet growing global demand. The facility will complement Bharat Forge's existing aerospace operations and enhance the company's ability to deliver high-performance aero-engine products to international customers.
Amit Kalyani, Vice-Chairman and Joint Managing Director of Bharat Forge, expressed enthusiasm about the collaboration's potential impact. As reported by Rediff Moneynews, Kalyani stated, "This long-term partnership with Pratt & Whitney Canada is a testament to Bharat Forge's leadership in the global aerospace supply chain. It reflects our commitment to delivering world-class aerospace solutions through advanced manufacturing, operational excellence, and uncompromising quality standards." Kalyani highlighted that this partnership demonstrates Bharat Forge's leadership in the global aerospace supply chain and emphasized the company's commitment to delivering world-class aerospace solutions through advanced manufacturing and operational excellence.
Nathalie Rivet, Vice President, Supply Chain at Pratt & Whitney Canada, highlighted the collaboration's strategic significance for global operations. According to Rediff Moneynews, Rivet noted that "this collaboration with Bharat Forge reflects our commitment to building a resilient, high-performing global supply chain. We are confident in Bharat Forge's high-performance aerospace manufacturing capabilities, technical excellence, and robust commitment to quality." Rivet acknowledged Bharat Forge's capabilities in aerospace manufacturing, technical excellence, and robust quality commitment, which align with Pratt & Whitney's requirements and reflects the trust that leading aerospace Original Equipment Manufacturers (OEMs) place in Bharat Forge's engineering expertise and manufacturing excellence.
Bharat Forge reported a consolidated revenue of ₹4,639.94 crore for Q1 FY27, representing a year-on-year growth of 18.7%. The company successfully raised ₹2,000 crore via a Qualified Institutions Placement (QIP) by allotting 1,05,82,010 equity shares at ₹1,890 per share. Post-allotment, the company's subscribed and fully paid-up equity share capital increased from ₹95.62 crore to ₹97.73 crore, expanding its equity base significantly. However, the company reported a consolidated net loss of ₹89.89 crore in Q1 FY27, heavily impacted by an exceptional restructuring provision of ₹330.42 crore for its German subsidiary, BF CDP, compared to a net profit of ₹283.87 crore in Q1 FY26. Additionally, Bharat Forge's wholly-owned subsidiary, Kalyani Powertrain, completed the divestment of its 50% equity stake in joint venture REFU Drive GmbH for a cash consideration of EUR 12,500.
