BALUFORGE: CLEARS 155MM ERFB MILESTONE, ADDS US AND EUROPE

BALUFORGE: CLEARS 155MM ERFB MILESTONE, ADDS US AND EUROPE CUSTOMERS

• Defence Dispatches: Multiple successful dispatches of 152mm empty shells against the previously announced defence order • 155mm ERFB Milestone: 155mm ERFB shell successfully produced and quality-approved with forging tolerance of TIR 3mm and machined wall tolerance of 0.3mm; serial dispatches expected shortly • 105mm Shells: Received approval and new orders for 105mm empty shells from a large Indian government defence unit • Aerospace Entry: Jet engine components quality-approved, marking the company’s entry into high-tolerance precision engineering for the aerospace sector • US Customer: Received an order for large components weighing over 450 kg from one of the largest US oil & gas companies following plant audit and drawing approval • European Customer: Received a purchase order from one of the largest Czech Republic-based armoured vehicle manufacturers • Growth Guidance: Management reiterated its guidance of 80,000 tonnes machining volume and 25–30% annual revenue growth over the next two years Impact: Positive — Defence orders are progressing from development and approvals into actual dispatches, while new customers in the US and Europe broaden BaluForge’s revenue base across defence, aerospace, energy and heavy mobility. The key monitorables remain execution against the 80,000-tonne machining target and whether the guided 25–30% revenue growth materialises.