Balu Forge Industries Ltd (BFIL) is pleased to announce a new acquisition & introduction of 7 Axis machining capability which is indeed a significant milestone for any precision engineering company. This acquisition reaffirms the commitment of your company to reposition itself from a forging player to a value-added precision engineering product manufacturing company. These further cement the position of the company amongst a very niche category of precision engineering companies to possess this technology & capability across the globe.

Tuesday, 24th September 2024: BFIL, a prominent precision engineering company engaged in manufacturing of crankshafts & forged components, is pleased to announce the successful acquisition of 7 Axis CNC machines which will be introduced in a phased manner starting this quarter. The major focus area for this acquisition is move into a more elite category of machining companies that are capable of offering both advanced & critical machining solutions specific to industries like Railways, Defence, Aerospace & other critical precision industries globally.

● BFIL is pleased to announce its recent acquisition of CNC Machines capable of 7 Axis machining which is suitable for more critical offerings in a spectrum of industries with specific focus areas of Aerospace, Defence & Railways.

● The new acquisition will enhance the capability of the company to offer more precision engineered components & further increase the product portfolio in these key industries.

● This new acquisition consists of 7 Axis CNC machines from a prominent German manufacturer. These possess the capability to machine parts up to 3 Meters in length.

● The machines will provide us a unique strength in creating high precision products from different alloys based of Aluminum to Titanium.

● The company will further expands its product portfolio into high precision & critical components namely in the areas as under:

Aerospace: turbine components, aircraft frames, engine components, landing gear components
Defence: Weapon system components & vehicle parts
Railways: Locomotive parts, frame structures & track components
Oil & Gas: Valve Bodies & pump components

● The introduction of this technology will aid in machining complex geometries, improve precision, increase flexibility, lead to better material utilization & aid in the ability to machine complex products in one setup.

Commenting on the announcement, Trimaan Chandock, Executive Director of BFIL stated

“We are pleased to share with all our stakeholders that your company has entered a very niche area of precision machining where only a handful of companies exist globally.

This acquisition is a testament to our larger strategy of moving away from being a pure forging player to a precision engineering company where we stay true to our strategy towards supply of only value added/fully machined parts to our patrons globally

The recent acquisition will also be an enabler to strengthen the presence in more critical engineering areas of aerospace & Defence. We have maintained the strategy which was envisioned many decades ago of being a precision engineering company & only offering highly critical solutions for niche industries. Our strategy will continue to stay in line with our overall vision to propel the company to the next chapter of growth”