Bharat Forge has officially inaugurated its state-of-the-art Landing Gear Components Machining Facility in Mundhwa, Pune, developed in collaboration with Liebherr-Aerospace & Transportation SAS. The facility positions Bharat Forge among the first companies in India to operate OEM-approved landing gear components machining capabilities at scale, marking a significant milestone in India's aerospace manufacturing sector.

Inauguration Ceremony and Leadership

The inauguration ceremony on March 11, 2026, was attended by senior dignitaries from both organizations. From Liebherr-Aerospace, attendees included Martin Wandel (Managing Director and Chief Operating Officer), Philipp Walter (Managing Director at Liebherr-Aerospace Lindenberg GmbH), and Bernd Schacherl (Director Procurement). Bharat Forge was represented by Amit Kalyani (Vice Chairman & Joint Managing Director) and Guru Biswal (CEO, Bharat Forge Aerospace Division).

Strategic Partnership and Technology Integration

The collaboration integrates advanced machining centres dedicated to high-precision landing-gear components. Amit Kalyani emphasized that this facility represents "a very significant milestone in Bharat Forge's journey in the Aerospace sector and a testament to our ability to add value to the customer relationships."

Martin Wandel highlighted the partnership's significance, stating they are "building a state-of-the-art facility tailored precisely to the requirements of the global aerospace industry."

Comprehensive Aerospace Manufacturing Portfolio

Bharat Forge now operates a full-stack aerospace manufacturing portfolio across multiple segments. The company produces turbine and compressor parts, forged rings, shafts, and discs, along with structural and landing-gear elements for both civil and military aviation applications.

Impact on India's Aerospace Sector

The facility strengthens India's role in global aerospace supply chains and demonstrates the country's growing manufacturing capabilities in critical aerospace components. This development aligns with India's objectives of reducing dependence on imports and establishing itself as a hub for world-class aerospace solutions.

The establishment in Pune provides strategic advantages including access to skilled workforce, established industrial infrastructure, and proximity to other aerospace manufacturing facilities in the region.

Bharat Forge Limited has received credit rating reaffirmation from ICRA across multiple facilities, demonstrating the company's strong financial position and creditworthiness. The rating agency has maintained its positive assessment while making specific adjustments to certain debt instruments.

Credit Rating Reaffirmation Details

ICRA has reaffirmed Bharat Forge's credit ratings across various facilities, maintaining the [ICRA] AA+ (Stable) rating for several key categories. The reaffirmation covers long-term fund-based facilities, working capital facilities, term loans, unallocated limits, and the company's issuer rating.

Non-Convertible Debentures Rating Update

The rating agency has made specific changes to the company's non-convertible debentures ratings. While maintaining the [ICRA] AA+ (Stable) rating for Rs. 125.0 crore non-convertible debentures, ICRA has reaffirmed and withdrawn ratings for another tranche of debentures.

Regulatory Compliance

The company has disclosed this information in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Tejaswini Chaudhari, Company Secretary and Compliance Officer, and communicated to both BSE Limited and National Stock Exchange of India Limited on March 10, 2026.

The rating reaffirmation reflects ICRA's continued confidence in Bharat Forge's credit profile and financial management capabilities across its diverse business operations.