Bharat Forge Limited inks the largest domestic contract with Ministry of Defence for supply of Indigenously developed Artillery System 'ATAGS'

Bharat Forge Limited inked the largest domestic contract of 184 indigenously developed Artillery Systems with the Ministry of Defense. This accounts to 60% of the ₹6900 Cr. procurement by the MOD. The Advanced Towed Artillery Gun System (ATAGS) jointly developed with DRDO is the most advanced 155/52 mm calibre artillery system.

On the occasion, Baba Kalyani CMD, Bharat Forge Limited mentioned that it was a proud moment for the company. It is also a testament to the Honourable Prime Minister Shri Narendra Modi's vision of an Atmanirbhar Bharat in Defense. We sincerely appreciate the unwavering support of the MOD, the Indian Army, DRDO, ARDE and our team at Bharat Forge for their invaluable efforts and collaboration.

Shares of Bharat Forge Limited was last trading in BSE at Rs. 1182.25 as compared to the previous close of Rs. 1184.35. The total number of shares traded during the day was 7287 in over 955 trades.

The stock hit an intraday high of Rs. 1201.40 and intraday low of 1177.05. The net turnover during the day was Rs. 8661783.00.

Source : Equity Bulls

Keywords

BharatForge INE465A01025 OrderWin Defence ArtillarySystems IndigenouslyDeveloped