Cooperation agreement between Bharat forge and Paramount group secures armoured vehicle order from Indian army

The agreement was signed by both companies during the second day of the International Defence Expo (IDEX 2021) held in Abu Dhabi

  
Cooperation agreement between Bharat forge and Paramount group secures armoured vehicle order from Indian army

Abu Dhabi:. Global Aerospace and Technology company, Paramount Group and India based Engineering & Technology conglomerate Bharat Forge Limited, announced a cooperation that will see them join the technologies, capabilities and expertise of both groups in order to manufacture Armoured Vehicles in India. 

The agreement was signed by both companies during the second day of the International Defence Expo (IDEX 2021) held in Abu Dhabi.

Following the signing of cooperation agreement, Bharat Forge Limited announced to the Indian Stock Exchange today that it received an order worth Rs 177.95 Crores from the Indian Ministry of Defence for the supply of Kalyani M4 vehicles.

The Kalyani M4 is a multi-role platform, designed to meet the specific requirements of armed forces for quick mobility in rough terrain and in areas affected by mine and IED threats. It offers best in-class levels of ballistic and blast protection - up to 50kg TNT side blast or IED/roadside bombs due to its innovative design, built on a flat-floor monocoque hull.

It is intended that the ‘Kalyani M4’ will see service with the Indian Armed Forces in the very near future. The Kalyani M4 successfully completed a series of extreme vehicle trials in some of the toughest environments in India.

Mr. Amit Kalyani, Deputy Managing Director, Bharat Forge Ltd said, “We are very pleased to partner with Paramount Group. This collaboration brings together the manufacturing and technology excellence of two leading companies, which have matching synergies and complementary capabilities. The Kalyani M4 is a fantastic new generation vehicle,  and we want to position it as the ‘future of protection’ in all markets world-wide.” 

Featuring next-generation design, advanced technologies and highest levels of protection, the result of decades of real-world battlefield and asymmetrical warfare experience, the Kalyani M4 is modelled on Paramount’s Mbombe 4 armoured vehicle which has seen international success in a number of markets.

Mr Ivor Ichikowitz, Chairman of Paramount Group stated: “All of our technologies have been developed with portable production in mind. We believe this model of world-beating innovative technology is fundamental to enhancing any country’s contemporary defence, and technology capabilities. The Kalyani M4 is based on one of our flagship armoured vehicles designed specifically for in-country production in India with our partners the Kalyani Group. We are proud that it will be made in India.”

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About Bharat Forge Limited

Bharat Forge Limited (BFL), the India based multinational, is a technology driven global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including Automotive, Railways, Power, Construction & Mining, Defence, Aerospace, Marine and Oil & Gas.  In its Defence profile, BFL has a wide product portfolio with expertise in design, development, engineering and manufacturing of systems and sub-systems for Artillery Guns, Armoured Fighting Vehicles, Protected Vehicles, Ammunition, Air Defence solutions, Defence Electronics and Small Arms.

About Paramount Group

Paramount Group is the global defence and aerospace company. It is a leader in defence and security innovation and is a trusted partner to sovereign governments across the globe. Paramount Group has been responsible for the development and production of a broad range of highly advanced armoured and mine protected vehicles that are in operation around the world. The family of combat vehicles which has been developed from clean-sheet design is at the vanguard of armored vehicle technologies. These vehicles have been designed and developed to meet the increasing demand for multi-role, high mobility, and mine hardened platforms, providing a solution to the ever-changing demands of the global battlefield. Please visit www.paramountgroup.com  for more information and follow us on Twitter.

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