Bharat Forge Limited entered into a non-binding Memorandum of Understanding ("MoU") with General Atomics ("GA") with an intent to initiate preliminary discussions and explore possible collaboration pertaining to various naval projects. Further, the Company is currently in evaluation /preliminary discussion stage with General Atomics Aeronautical Systems ("GA-ASI") to demonstrate Company's technical capabilities in terms of manufacturing, assembling and testing facility for aerospace components and systems structural and engine parts and subsystems for unmanned aircraft. The Company has not entered into any definitive agreement yet.