Bharat Forge Buys Majority Stake In Ukrainian Gas Turbines Manufacturer Zorya-Mashproekt
Bharat Forge recently acquired a 51% stake in the Indian arm of Ukrainian firm Zorya Mashproekt. Zorya’s gas turbine powerplants are used in all of India’s destroyers and the Talwar class frigates.The war in Ukraine has caused India to accelerate its process of moving away from the Russian defence industry. The ongoing war had put India in a Catch-22 situation and delayed the two remaining ships