Kalyani Group company Bharat Forge Ltd (BFL) on Wednesday said it entered Aerospace sector by inking four contracts.
Though BFL did not divulge more information on the nature of the agreements, it has been supplying sub-systems for defence companies.
Under its business vertical, BFL operates in artillery guns programmes, components and other services businesses.
In a regulatory filing, the company said all capital expenditure plans are in place to capture growth opportunities in defence sector.
By 2018, BFL will be net debt free by doubling its revenue to Rs.7,000 crore, the company added in the regulatory filing.
