Bharat Forge's Kalyani Strategic Systems partners with Thales for 70-mm rocket systems
Bharat Forge's subsidiary, KSSL, and Thales signed a strategic alliance for 70-mm rocket systems. The partnership aims for technology transfer and local production, with the first Indian-assembled rocket targeted for early 2027. This aims to boost India's defence manufacturing and export capabilities.
The strategic alliance is significant for the defence sector, focusing on advanced rocket systems and local manufacturing. While it's a positive step, the full impact will be realized upon successful production and market penetration, hence a medium impact is assigned.
The announcement details a strategic partnership that enhances India's defence manufacturing capabilities and aligns with 'Make in India' initiatives, indicating a positive development for the company and the sector.
Bharat Forge Limited's wholly-owned defence subsidiary, Kalyani Strategic Systems Limited (KSSL), has entered into a Strategic Alliance Agreement with Thales to establish advanced industrial capabilities for 70-mm rocket systems in India. This partnership aims to leverage Thales' combat-proven rocket technologies and KSSL's manufacturing, integration, and testing expertise to cater to both Indian and global defence requirements.
The alliance will facilitate technology transfer and local production of both unguided and laser-guided 70-mm rocket systems and associated equipment. The goal is to develop a robust local supply chain and position India as a strategic manufacturing and export hub for advanced rocket systems. The first fully assembled rocket produced in India is anticipated by early 2027.
This collaboration, signed during the Belgian state visit to India, strengthens India-Belgium defence cooperation and supports India's ambition to become a global defence manufacturing hub. Thales will contribute its expertise in 2.75-inch / 70-mm rockets and launchers, while KSSL will utilize its local facilities for production and integration, ensuring adherence to international quality standards. Both companies are committed to developing sovereign defence capabilities in India through technology transfer, local value creation, and skill development, reinforcing India's role in the global defence supply chain under the 'Atmanirbhar Bharat' and 'Make in India for the World' initiatives.
A plain-language summary of a public exchange filing by Bharat Forge Limited. Read the original for the full detail.