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Kalyani Strategic Systems signs MoU with Rolls-Royce Marine North America

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Capital Market

For development of naval propulsion systems for the Indian market

Kalyani Strategic Systems (KSSL), a 100% subsidiary of Bharat Forge, signed a Memorandum of Understanding (MOU) with Rolls-Royce Marine North America for the development of naval propulsion systems for the Indian market.

Under the agreement, KSSL will collaborate with Rolls-Royce for the design and development, licensed manufacturing, pre-sales and sales support, installation, commissioning, testing, and aftermarket services and support of the propulsion systems. This would facilitate the creation of a local supply chain ecosystem in India for Controllable Pitch Propellers and Shafting systems as required by the Indian Navy.

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First Published: Feb 18 2023 | 10:31 AM IST

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