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Latest Business News, Business News India Today | The HinduBusinessLine

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Agneyastra Energetics begins Rs 1,500 crore defence facil...
2026-05-15 · via Latest Business News, Business News India Today | The HinduBusinessLine
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SENSEX   75,237.99

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NIFTY   23,643.50

 -46.10

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 -46.10

CRUDEOIL   9,948.00

+ 224.00

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+ 224.00

GOLD   158,871.00

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Spread across 1,000 acres in Madakasira, Sri Sathya Sai district, the project is expected to be developed over 2–4 years and generate around 800 direct and 2,500 indirect jobs

By PTI

Updated - May 15, 2026 at 08:13 PM.

| Mumbai

The facility aims to strengthen India’s indigenous capabilities in advanced energetics and ammunition systems.

The facility aims to strengthen India’s indigenous capabilities in advanced energetics and ammunition systems. | Photo Credit: @AndhraPradeshCM

Kalyani Strategic Systems' wholly-owned subsidiary Agneyastra Energetics Ltd on Friday announced the groundbreaking of its Rs 1,500-crore strategic defence manufacturing facility in Andhra Pradesh.

Spread across over 1,000 acres, the integrated campus near Madakasira in Sri Sathya Sai District of the state will be developed over the next 2-4 years with the project expected to generate around 800 direct jobs and around 2,500 indirect employment opportunities, contributing to regional economic growth, the company said.

Designed with advanced manufacturing technologies and specialised logistics capabilities, the facility will significantly enhance India's indigenous capabilities in advanced energetics and ammunition systems critical to modern defence and aerospace applications, it said.

The upcoming facility also reinforces Andhra Pradesh's emergence as a preferred hub for aerospace and defence manufacturing, the company said.

Kalyani Strategic Systems Ltd is the defence business of Bharat Forge.

"India has a significant opportunity to emerge as a globally trusted source for advanced defence systems and critical materials. Agneyastra Energetics is a strategic step towards building a strong indigenous energetics ecosystem and globally competitive capabilities from India for both domestic and international markets," said Baba Kalyani, Chairman and Managing Director of Bharat Forge Limited.

Published on May 15, 2026

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