Mumbai, Feb. 26 -- The agreement marks the next phase of the company's expansion into the defence consumables segment following its onboarding into the NATO supply chain and commercialisation of its empty shell production line. The MoU has been signed with a NATO-affiliated entity, though the end user's name has not been disclosed due to confidentiality and the sensitive nature of the supplies.

Under the agreement, Balu Forge will supply 30,000 units per month of 155 mm M107 shells and 10,000 units per month of 152 mm shells in 'Ready to Fill' condition, for a period of five years starting 25 February 2026. Supplies are scheduled to commence from April 2026 and will be ramped up in a phased manner.

The contract also covers the broader l...