Balu Forge Expands in Karnataka
ECONOMY & POLICY

Balu Forge Expands in Karnataka

Balu Forge Industries has recently announced a significant expansion in Karnataka with the acquisition of new forging lines capable of handling 72,000 tonnes. This development is part of a broader initiative to establish a Rs 200 crore manufacturing campus in the region, under the guidance of Gunjan Krishna, IAS, Commissioner of Industrial Development and CEO of the Invest Karnataka Forum, with strong support from the Government of Karnataka .

The new facility is expected to bolster Balu Forge's production capabilities significantly, aligning with the company's strategic goals to enhance its manufacturing output and efficiency. This expansion not only strengthens Balu Forge's position in the market but also contributes to the local economy by potentially creating job opportunities and fostering industrial growth within the state.

The investment in the new forging lines is a clear indicator of Balu Forge's commitment to adopting advanced manufacturing technologies and expanding its operational capacity to meet the growing demands of various sectors, including automotive, aerospace, and construction. This move is particularly strategic given Karnataka's supportive policies for industrial development, which aim to attract more such investments and solidify the state's status as a major industrial hub in India.

As Balu Forge Industries moves forward with this expansion, the company is set to play a pivotal role in the regional manufacturing landscape, driving innovation and excellence in the forging industry. This development is not only a significant step for Balu Forge but also a positive sign for the manufacturing sector in Karnataka, promising economic growth and technological advancement in the coming years.

Balu Forge Industries has recently announced a significant expansion in Karnataka with the acquisition of new forging lines capable of handling 72,000 tonnes. This development is part of a broader initiative to establish a Rs 200 crore manufacturing campus in the region, under the guidance of Gunjan Krishna, IAS, Commissioner of Industrial Development and CEO of the Invest Karnataka Forum, with strong support from the Government of Karnataka . The new facility is expected to bolster Balu Forge's production capabilities significantly, aligning with the company's strategic goals to enhance its manufacturing output and efficiency. This expansion not only strengthens Balu Forge's position in the market but also contributes to the local economy by potentially creating job opportunities and fostering industrial growth within the state. The investment in the new forging lines is a clear indicator of Balu Forge's commitment to adopting advanced manufacturing technologies and expanding its operational capacity to meet the growing demands of various sectors, including automotive, aerospace, and construction. This move is particularly strategic given Karnataka's supportive policies for industrial development, which aim to attract more such investments and solidify the state's status as a major industrial hub in India. As Balu Forge Industries moves forward with this expansion, the company is set to play a pivotal role in the regional manufacturing landscape, driving innovation and excellence in the forging industry. This development is not only a significant step for Balu Forge but also a positive sign for the manufacturing sector in Karnataka, promising economic growth and technological advancement in the coming years.

Next Story
Infrastructure Transport

CPCL crosses $10 million revenue milestone

Chaitanya Projects Consultancy (CPCL), a leading infrastructure and engineering consultancy, has surpassed $10 million in annual revenue for FY 2024–25, marking a five-year compound annual growth rate of 28.2 per cent—well above the industry average. Established in 2004, CPCL has delivered over 300 projects across highways, bridges, urban infrastructure, water, transport, and environmental sectors. Its achievements include over 600 km of six-lane highways, 2,000 km of national highways, and 100 major bridges. “Our goal has always been to improve India’s infrastructure,” sai..

Next Story
Resources

KPIL secures new orders worth Rs 37.89 billion

Kalpataru Projects International Ltd (KPIL), a major EPC player in power transmission and civil infrastructure, has secured new orders worth approximately Rs 37.89 billion along with its international subsidiaries. The orders include a significant contract in the Buildings and Factories (B&F) segment in India, marking KPIL’s largest B&F order to date. The project involves the development of over 12 million sq ft of residential space with supporting infrastructure, awarded on a design-build basis. Additionally, the company has won new transmission and distribution (T&D) order..

Next Story
Real Estate

Apartment loading rises to 40 per cent in top cities

Driven by rising demand for premium amenities, the average apartment loading across India’s top seven cities has reached 40 per cent in Q1 2025, up from 31 per cent in 2019, according to ANAROCK Research. The loading factor, or the area paid for beyond the usable carpet area, covers common spaces such as lobbies, staircases, and clubhouses. Mumbai Metropolitan Region (MMR) continues to lead with the highest loading at 43 per cent. Bengaluru saw the sharpest jump, from 30 per cent in 2019 to 41 per cent in Q1 2025. Chennai recorded the lowest average loading at 36 per cent. “Sixty..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?