14 October 2014 indiaincorporated.com
India’s high tech components manufacturer has clinched a deal with French aerospace giant Safran.
The long-term agreement involves the supply of high integrity forged and machined components for commercial aircraft applications of Safran's global affiliates.
The companies have been working together for the past 18 months on a demonstrator phase for the trial production of critical forgings in several materials for aerospace. These materials include titanium, nickel-based and steel alloys.
The latest agreement will facilitate Safran to explore opportunities and expand its reach in Indian aerospace across civil and military sectors.
B.N. Kalyani, chairman and managing director of Bharat Forge, said: “The partnership highlights our unwavering commitment to add tangible value to the vast opportunities offered by the Indian aerospace sector and confirms our resolve to strengthening our partnership for supplying forged components to Safran's global affiliate network.”
The first step of the partnership involves a Purchase Order issued by Safran.
Stephane Lauret, CEO of Safran India Private Limited, added: "This latest development reflects our two companies' commitment to expanding our collaboration for the benefit of our customers in India and abroad."
Pune-headquartered Bharat Forge is the flagship company of the $2.5-billion Kalyani Group.