Bharat Forge & Paramount Group collaborate for production of protected vehicles in India
Paramount Group, the global aerospace & technology company announced on Monday that the company and Bharat Forge, which is an India-based engineering & technology conglomerate will work jointly for the production of protected vehicles in India.
Both the companies have matching synergies and aim to create a positive outcome by bringing together their technologies, capabilities and expertise. The agreement regarding the same was signed during the International Defence Expo (IDEX 2021) held in Abu Dhabi.
‘Kalyani M4’ is a multi-role platform, which is designed to cater the needs of armed forces for quick mobility in rough terrains and also, in areas affected by mine and IED threats. Best-in-class levels of ballistic and blast protection of up to 50 kg TNT side blast or IED/roadside bombs are offered as a result of its innovative design, built on a flat-floor monocoque hull.
It is planned that ‘Kalyani M4’ will help the Indian Armed forces in the very near future as it has completed a series of extreme vehicle trials within some of the toughest environments in India. Kalyani M4 will be a made-in-India product and aims to enhance any country’s contemporary defence and technology capabilities.
Bharat Forge is in the business of steel forgings, finished machined crankshafts, and front axles assembly and components. On the other hand, Paramount Group is a global defence & aerospace company leading in defence and security innovation. It also is a trusted partner to sovereign governments across the globe.
At the time of market opening on Tuesday, the share of Bharat Forge gained 1.83 per cent and was trading at Rs 599.70 on BSE.