New Delhi, (IANS) Leading Aircraft manufacturer Boeing and Kalyani Group company Bharat Forge Limited (BFL) on Wednesday announced the first shipment of BFL-made titanium flaptrack forgings for Boeing’s Next-Generation 737 aircraft.

“Shipment of the first titanium forging from India is a significant step towards building a capable and competitive supply chain in India for Boeing,” said Pratyush Kumar, president, Boeing India in a statement.

BFL will also supply forgings for Boeing 737 MAX aircraft scheduled to enter service in 2017.

“BFL is truly honoured to become India’s only forging company to be included in Boeing’s globally approved vendor list for titanium forgings,” said BFL chairman Baba Kalyani in the statement.

According to Kalyani, BFL will explore mergers and acquisitions to become a significant player in the global aerospace components business.

Both the companies are looking for opportunities to expand BFL’s work for Boeing.

BFL is a part of $2.5 billion Kalyani Group which provides components and solutions to automotive, railways, power, construction & mining, defence & aerospace, marine and oil and gas.