BSE listed Balu Forge Industries Ltd. has become a name symbolising quality & excellence in the field of precision engineering since its inception in 1990. The companyâ€™s in house capability & state of the art automotive engineering enables it to manufacture a large range of components through a spectrum of industries namely Automotive, Agricultural, Industrial, Defence, Marine & the New Energy Sphere. The company has now bagged the Economic Times & ET Icons Award 2020-21 for the excellence showcased in the Innovation in Engineering.
The Companyâ€™s incremental innovation continuous strive to improve has awarded us by making us the only company to have the capability to manufacture components conforming to the New Emission Regulations & the New Energy Vehicles. The Company is now an avant-garde manufacturer of fully finished/Semi-finished forged crankshafts and other Forged Components. We have an active distribution in the Global Aftermarket in over 86 Countries & are presently working with 15 Original Equipment Manufacturers around the globe.
Balu is the supplier of choice of major OEMs not only in India but around the world due to our technological advantage and the highest standards of quality in the industry said Jaspal Singh Chandock, Managing Director. The Company has innovation in the heart of its foundation & the next level of growth is expected from the New Energy Vertical & supplies to the Defence Industry. We are working closely with a number of OEMs globally to develop Drivetrain & Powertrain solutions for BEVs & PHEVs.
This is a strategy the company has engaged in actively since 2017 & aims to keep ahead of the curve to adapt to the changing mobility sphere. In addition to the same the area of Defence is also a key component in the coming years as we enhance our presence in Defence Industries keeping in line with the Govt of India initiative of â€˜Atmanirbhar Bharatâ€™.