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Bharat Forge Ltd. has signed an MoU with the Andhra Pradesh government on Tuesday, May 19, to establish India’s first private-sector marine gas turbine repair, overhaul and development facility at Visakhapatnam.
The facility, which will come up over nearly 80 acre within the Andhra Pradesh Defence Manufacturing Corridor, will be developed through Bharat Forge’s aerospace division and is aimed at strengthening India’s naval self-reliance under the government’s Aatmanirbhar Bharat initiative.
The company said the Visakhapatnam facility will be co-located with the Naval Dockyard, INS Eksila and the Eastern Naval Command headquarters, bringing marine gas turbine sustainment capability into India’s private sector for the first time.
Phase 1 of the project will include a full marine gas turbine repair and overhaul complex with hot section restoration capability for blades, vanes and combustion liners, component manufacturing, a non-destructive evaluation laboratory and a 72-hour turnaround capability for the Naval Dockyard in Visakhapatnam.
Phase 2 will include India’s first private-sector marine gas turbine development and assembly hall, a full-spectrum hot test cell and the development and qualification of an indigenous marine gas turbine.
The facility is also expected to serve as a regional repair and overhaul hub for friendly foreign navies and create around 750 direct and indirect employment opportunities.
The MoU was signed in the presence of Defence Minister Rajnath Singh and Andhra Pradesh Chief Minister N. Chandrababu Naidu during the Aerospace and Defence Investment Conclave held at Puttaparthy.
Defence Minister Rajnath Singh said, “These projects will cater to all three Services and strengthen our efforts to make India self-reliant in defence manufacturing. Andhra Pradesh is set to emerge as a major hub of aerospace and defence production.”
Chief Minister Chandrababu Naidu said, “New Andhra Pradesh is being built on the pillars of innovation, infrastructure and industrialisation. As India moves towards Viksit Bharat, Andhra Pradesh will lead from the front.”
Calling the move a "pledge to the Indian Navy, and to the nation," Amit Kalyani, Vice Chairman and Joint Managing Director of Bharat Forge, said, “India's warships have long carried the might of this nation on engines built abroad. That dependence ends here, at Visakhapatnam.”
The company said the facility assumes significance as global supply chain disruptions in recent years have impacted repair and overhaul cycles for marine gas turbines used in Indian naval vessels.
Following the announcement, shares of the company were trading off the day's lows at ₹1,886.90 as of 12.15 pm, still 0.22% below Monday's closing. The stock has gained 30% over the last six months and more than 50% in the last year.
Also read: HSBC highlights two Indian 'forgotten gems' beyond the AI trade for up to 68% upside
The facility, which will come up over nearly 80 acre within the Andhra Pradesh Defence Manufacturing Corridor, will be developed through Bharat Forge’s aerospace division and is aimed at strengthening India’s naval self-reliance under the government’s Aatmanirbhar Bharat initiative.
The company said the Visakhapatnam facility will be co-located with the Naval Dockyard, INS Eksila and the Eastern Naval Command headquarters, bringing marine gas turbine sustainment capability into India’s private sector for the first time.
Phase 1 of the project will include a full marine gas turbine repair and overhaul complex with hot section restoration capability for blades, vanes and combustion liners, component manufacturing, a non-destructive evaluation laboratory and a 72-hour turnaround capability for the Naval Dockyard in Visakhapatnam.
Phase 2 will include India’s first private-sector marine gas turbine development and assembly hall, a full-spectrum hot test cell and the development and qualification of an indigenous marine gas turbine.
The facility is also expected to serve as a regional repair and overhaul hub for friendly foreign navies and create around 750 direct and indirect employment opportunities.
The MoU was signed in the presence of Defence Minister Rajnath Singh and Andhra Pradesh Chief Minister N. Chandrababu Naidu during the Aerospace and Defence Investment Conclave held at Puttaparthy.
Defence Minister Rajnath Singh said, “These projects will cater to all three Services and strengthen our efforts to make India self-reliant in defence manufacturing. Andhra Pradesh is set to emerge as a major hub of aerospace and defence production.”
Chief Minister Chandrababu Naidu said, “New Andhra Pradesh is being built on the pillars of innovation, infrastructure and industrialisation. As India moves towards Viksit Bharat, Andhra Pradesh will lead from the front.”
Calling the move a "pledge to the Indian Navy, and to the nation," Amit Kalyani, Vice Chairman and Joint Managing Director of Bharat Forge, said, “India's warships have long carried the might of this nation on engines built abroad. That dependence ends here, at Visakhapatnam.”
The company said the facility assumes significance as global supply chain disruptions in recent years have impacted repair and overhaul cycles for marine gas turbines used in Indian naval vessels.
Following the announcement, shares of the company were trading off the day's lows at ₹1,886.90 as of 12.15 pm, still 0.22% below Monday's closing. The stock has gained 30% over the last six months and more than 50% in the last year.
Also read: HSBC highlights two Indian 'forgotten gems' beyond the AI trade for up to 68% upside
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