Bharat Dynamics signs contract for supply of Konkurs-M anti-tank missiles to Indian Army

Bharat Dynamics Limited (BDL) and Indian Army have signed a contract worth Rs 3,131.82 Crore for manufacture and supply of Konkurs - M AntiTank Guided Missiles to the Indian Army. The contract, which was signed at New Delhi today, will be executed in three years.

The order book position of BDL stands at Rs 11,400 Cr (net) including the Konkurs-M contract signed today.

CMD, BDL Commodore Siddharth Mishra (Retd) stated that Konkurs - M is being manufactured by BDL under license agreement with a Russian OEM (Original Equipment Manufacturer). The missile has been indigenized upto maximum extent. BDL is also offering Konkurs- M missile for export to friendly foreign countries.

BDL has augmented its manufacturing capacity to meet the domestic as well as overseas demand for Konkurs - M. As a part of its global outreach, BDL is also offering Man Portable Anti-Tank Guided Missiles, Nag, Milan-2T and Amogha, in addition to Konkurs - M, for exports.

Konkurs - M is a Second Generation, mechanized infantry Anti-Tank Guided Missile, to destroy armored vehicle equipped with Explosive Reactive Armour. The Missile can be launched either from BMP-II tank or from ground launcher. It has a range between 75 to 4000 metres with a flight time of 19 secs.

BDL is laying lot of thrust on indigenization of its products manufactured under Transfer of Technology with foreign OEMs. The Atmanirbharta mission initiated by Government of India has given momentum to the indigenization efforts of the Company. The Company is also strengthening its in-house R & D capabilities to take up product innovation in order to mitigate Indian armed forces' product dependency on foreign countries.

Shares of Bharat Dynamics Limited was last trading in BSE at Rs. 487.40 as compared to the previous close of Rs. 491.95. The total number of shares traded during the day was 28009 in over 1547 trades.

The stock hit an intraday high of Rs. 498.95 and intraday low of 485.55. The net turnover during the day was Rs. 13688008.00.

Source : Equity Bulls

Keywords

BharatDynamics INE171Z01018 BDL Defence OrderWin IndianArmy KonkursM AntiTankGuidedMissiles