Balu Forge Industries announced a large trial order to supply Powertrain sub-assemblies to a tractor manufacturer in the Middle East. BFIL will supply a variety of powertrain subassemblies under the terms of the contract. These parts will be used to build engines that will power a variety of tractors. The trial order will initially consist of supplying 10,000 sets of sub-assemblies, with the potential to increase to over 50,000 annually. BFIL has already begun supply under the contract and expects to generate additional revenues in the coming quarters.
This marks BFIL’s entry into the field of powertrain sub assembly production and supplies, laying a solid foundation for the company with the goal of adding Sub Assemblies for new energy vehicles to its product mix in the near future.