Bharat Forge signs ₹425 Crore Contract with Ministry of Defence to Supply Gas Turbine Generators to the Indian Navy

Bharat Forge Limited (BFL) today signed a ₹425 Crore contract with the Ministry of Defence (MoD), India, for the supply of Gas Turbine Generators (GTGs) to Indian Navy (IN) for onboard power generation on Kolkata class ships. The contract will be executed over a period of 5 years.

Rated at 1.25 MW, the new GTGs will replace the lower capacity units currently in service onboard. Awarded under the Buy (Indian) category of the Defence Acquisition Procedure 2020 (DAP-2020), the contract marks BFL's entry into the marine gas turbine (GT) business - and will deliver the first indigenous GT-based power plant to operate aboard Indian Naval ships.

A leader in India's defence industry, a proven manager of complex programmes and a trusted partner of the Indian armed forces, BFL will establish a dedicated Integration and Test facility for GTGs. BFL will also participate in design and development programs for larger power plants and propulsion GTs. These manufacturing capabilities will also serve the significant needs of Indian armed forces in general with local production and ensure complete sovereignty on maintenance and overhaul operations of GTs / GTGs.

Shares of Bharat Forge Limited was last trading in BSE at Rs. 2018.70 as compared to the previous close of Rs. 2034.30. The total number of shares traded during the day was 25861 in over 2657 trades.

The stock hit an intraday high of Rs. 2048.95 and intraday low of 2006.05. The net turnover during the day was Rs. 52318348.00.

Source : Equity Bulls

Keywords

BharatForge INE465A01025 OrderWin MinistryofDefence GasTurbineGenerators IndianNavy KolkataClassShips