Balu Forge forms SPV with Swan Energy to jointly explore opportunities in railways, defence, aerospace

Balu Forge willcontribute around 40 percent to the SPV’s initial share capital while Swan will have the remaining 60 percent stake. The collaboration will leverage the strengths of both BFIL and SEL to capture the growing global demands on railways, defence and aerospace.

Leading precision engineering and manufacturing, Balu Forge Industries Ltd (BFIL), has signed a Memorandum of Understanding (MoU) with Swan Energy Limited (SEL), a diversified business conglomerate with interests for jointly exploring opportunities in railways, defence and aerospace.