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Bharat Forge has secured a long-term contract with Pratt & Whitney Canada

ICICIdirect Research 06 Oct 2026 DISCLAIMER

News: Bharat Forge has secured a long-term contract with Pratt & Whitney Canada, for the supply of mission-critical aerospace engine components. The components will be manufactured at Bharat Forge’s aerospace facility in India, which is geared towards high-performance, high-value aero-engine products.

View:  The development is strategically significant for Bharat Forge, as it further validates company's transition from being predominantly an automotive forging player towards a high-value, technology-intensive aerospace and Defence manufacturing platform. This follows the recent collaboration between Bharat Forge and Pratt & Whitney Canada to evaluate turboprop propulsion integration for India's HALE UAV program, suggesting that the relationship is potentially broadening beyond a single component-supply opportunity. The recent ₹2,000 crore QIP also provides additional balance-sheet firepower to fund this transition and associated capacity investments. We maintain our positive view on the company with medium to long term investment horizon.

Impact: Positive

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