BDL gears up to take up Akash export orders

With the announcement from the Union Cabinet regarding clearance of Akash Weapon System for Export, Bharat Dynamics Limited (BDL), the manufacturer of Akash Missile is geared up to take up export order. Given the export potential and demand of Akash in the international market, BDL has been promoting the product at various forums including national and international exhibitions The missile being offered for exports will be of a different version. BDL is already supplying Torpedoes to a foreign country.

The Akash Weapon System, designed and developed by DRDO with 96% indigenous content, is being manufactured by BDL at its Hyderabad Unit with a large number of supply chain partners which include DPSUs, MSMEs and private industry. Akash Missile has the capability to engage aerial threats upto the maximum range of 25 km and upto an altitude of 18 km., operating at a speed range of 1.8 to 2.5 Mach. The Missile has been successfully test fired on several occasions and meets the global standard of missiles of its category.

BDL manufactured Akash Missiles are already in the inventory of the Indian Army as well as Indian Air Force and the successful test firing results reaffirm the Company's commitment to achieve the highest quality standards about product and support to its customers.

Commodore Siddharth Mishra (Retd), CMD, BDL stated that "the Company has received export leads for the Akash Weapon System. Now, with the export clearance accorded by the Government of India, BDL is set to expand its customer base in the international market. The Company is confident of meeting the export demand in addition to meeting requirements of the Indian Armed Forces, as BDL has adequate established production facilities."

Shares of Bharat Dynamics Ltd was last trading in BSE at Rs.339.1 as compared to the previous close of Rs. 330.8. The total number of shares traded during the day was 85360 in over 3138 trades.

The stock hit an intraday high of Rs. 345 and intraday low of 331. The net turnover during the day was Rs. 29137855.

Source : Equity Bulls

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