Ashish Kacholia portfolio stock Balu Forge jumps 8% after announcement to foray in aerospace business
New Delhi, May 26 -- Balu Forge share price surged nearly 8% on Tuesday, 26 May, after the company announced a major milestone by securing its first aerospace-sector order.
In a regulatory filing, the company described the development as a significant strategic breakthrough, marking its entry into the highly critical and technically demanding aerospace industry. Balu Forge said it has received its maiden commercial purchase order from Alpha Aircraft Systems Inc for the supply of precision-engineered aerospace components.
The company further disclosed that the advance payment for the project was received on 25 May 2026, underscoring the swift execution and commitment from both parties. Upon receipt of the advance, Balu Forge has formally...
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