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Balu Forge Industries Ltd has executed a Memorandum of Understanding for the supply of large caliber ammunition, specifically empty shells, from its manufacturing facility in Belgaum, Karnataka, for a period of five years. The agreement includes a commitment to supply 30,000 units of 155 mm M107 and 10,000 units of 152 mm shells per month, with pricing indexed to the London Metal Exchange. Supplies are set to commence in April 2026, with plans to expand production capacity to meet the agreed volumes.
- Author
- Arjan Chatterjee
- Language
- EN