Kalyani Powertrain, a wholly-owned subsidiary of Bharat Forge, entered into a Technology licensing agreement with COMPAL ELECTRONICS, INC for manufacturing of X86 platform Servers in India. The two parties have signed a Memorandum of Understanding (MOU) to develop server business using locally manufactured solution in India, echoing the Indian government's "Make in India" policy. Compal will provide KPTL with technological support related to servers, including overseeing local production, assembly, testing activities, and final sales.
Bharat Forge Vice Chairman & Jt MD Mr. Amit Kalyani, said: "It gives us an immense pleasure to partner with a global leader of technological products 'Compal' for manufacturing servers in India. This association will give a strong impetus to India's manufacturing competitiveness. We are ecstatic and encouraged by the trust they have reposed on Kalyani group for the proposed association."
Tony Bonadero, CEO of Compal, stated, "We are very pleased to collaborate with Kalyani Powertrain. Compal is actively advancing its server business and establishing multiple partnerships. Kalyani Powertrain's extensive experience in the Indian market will create synergistic effects in our collaboration. We look forward to this being just the beginning, with more ICT related business opportunities in the future to create greater value together."
Additionally, the electronics division of Kalyani Powertrain announced the launch of Made in India servers from their state of art manufacturing facility at Pune, Maharashtra in February 2025. "The factory is poised to stimulate local businesses, attract and contribute significantly to the region's manufacturing potential," said the company in a filing with the exchanges.
Advancing India's AI, Cloud, and Data Center Ecosystem
This collaboration plays a crucial role in bolstering India's Make in India initiative by fostering local manufacturing and reducing dependency on imports. The collaboration will empower enterprises, cloud providers, hyperscalers, and government organizations with high-performance, cost-efficient server solutions tailored for AI workloads, cloud computing, and large-scale data processing.
Shares of Bharat Forge Limited was last trading in BSE at Rs. 1086.50 as compared to the previous close of Rs. 1057.45. The total number of shares traded during the day was 33448 in over 2307 trades.
The stock hit an intraday high of Rs. 1089.95 and intraday low of 1067.05. The net turnover during the day was Rs. 36126876.00. |
