New Delhi, Sept. 5 -- Bharat Forge share price will be in focus on Friday, after the company announced that its step-down subsidiary, Agneyastra, has agreed to purchase approximately 949.65 acres of land in Andhra Pradesh.

Agneyastra, a subsidiary of Bharat Forge, has entered into an agreement with Andhra Pradesh Industrial Infrastructure Corporation Ltd., an industrial infrastructure agency of the Government of Andhra Pradesh, for purchase of a land parcel admeasuring approx. 949.65 acres situated at Madakasira, Anantapur District.

The agreement is for undertaking development of an end-to-end Defence Energetics Manufacturing Complex, including High Explosives Manufacturing plant, ammunition filling plant, gun propellant facility, and p...