New Delhi, March 16 -- For years, Balu Forge Industries Ltd (BFIL) operated largely behind the scenes of the automotive and farm equipment supply chain, manufacturing precision-machined components used in engines and heavy machinery. Agriculture, in particular, formed the backbone of the business.

But that dependence is gradually being reduced. BFIL is repositioning itself as a diversified precision engineering manufacturer, expanding into defence, aerospace, railways, oil and gas, marine, wind energy, and electric vehicles. A recently secured artillery shell supply agreement with a NATO-affiliated entity signals how far that transition has progressed.

From tractor parts to global supply chains

BFIL is a global supplier of precision-en...