Homegrown auto components major Bharat Forge signed a long-term agreement with Rolls-Royce on Thursday for supply of aero engine parts.
“The agreement envisages supply of critical and high integrity forged and machined components for a range of aero engines, including the flagship Trent engine,” Bharat Forge said in a statement.
Bharat Forge chairman and managing director BN Kalyani said: “It is our strategic intent to play a significant role in global aerospace supply chain with forged and machined products and assemblies in future.
“This supply-chain partnership with Rolls-Royce is a momentous step towards achieving our stated goal of USD 100 million revenues from the aerospace sector.”
The pact follows a period of collaboration over the last 18 months to define and secure the necessary level of stringent quality and process approvals, Bharat Forge said.
Bharat Forge is the flagship company of the USD 3 billion Kalyani Group. It is a global provider of high performance, innovative, safety and critical components and solutions to various industrial sectors including automotive, oil and gas, power and aerospace among others.
Rolls-Royce is a world leader in integrated power systems for use in the air, on land and at sea.
Shares of Bharat Forge were trading at Rs 804.50 in the mid-day trade, up 1.44% on BSE.