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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Bharat Forge to set up marine gas turbine development com...
2026-05-19 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Bharat Forge will establish India’s first private-sector Marine Gas Turbine (MGT) Repair, Overhaul and indigenous Development complex at Visakhapatnam.

Bharat Forge, through its Aerospace business, signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh in this regard.

The Visakhapatnam facility co-located with the Naval Dockyard, INS Eksila, and Eastern Naval Command Headquarters, will for the first time bring this critical propulsion sustainment capability into India’s private sector. Phase 1 will deliver a full Marine GT Repair and Overhaul complex: hot section restoration of blades, vanes and combustion liners, component manufacturing, NDE laboratory, and a 72-hour turnaround capability for the Naval Dockyard, Visakhapatnam. 

Phase 2 will establish India’s first private-sector Marine GT Development and Assembly Hall, a full-spectrum hot test cell scalable across all propulsion ratings, and for the very first time on Indian soil, the development and qualification of an indigenous Marine Gas Turbine. The facility will also serve as a regional R&O hub for friendly nation navies, creating ~750 direct and indirect employment opportunities.

Gas turbines are the propulsion backbone of the Indian Navy’s frontline surface combatants. The overseas supply chain for these engines has been severely disrupted in recent years, directly impacting fleet R&O cycles and operational readiness. This facility by Bharat Forge, is a national strategic imperative — embodying the resolve of Sushakt Bharat- Surakshit Bharat and laying a decisive cornerstone towards Viksit Bharat 2047, according to a release.

Published on May 19, 2026