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Home/Basics of Stock Market/Stocks/Market Insights/Bharat Forge Share Price Drops Following Rs 6,900 Crore Defence Contracts Announcement

Bharat Forge Share Price Drops Following Rs 6,900 Crore Defence Contracts Announcement

Created March 27, 2025
Author Bhumish Seth
Category Market Insights, Stocks
Reading Time: < 1 minutes

Market Performance

Bharat Forge's share price declined over 3 per cent during early trading on March 27, 2025. The shares fell by 4.48 per cent to reach Rs 1,162 per share on the NSE before recovering slightly to Rs 1,167.45, marking a 1.31 per cent decrease.

Defence Contracts Announcement

The Ministry of Defence (MoD) has finalized agreements totalling Rs 6,900 crore with Bharat Forge Limited and Tata Advanced System Limited. These contracts focus on procuring advanced defence equipment to strengthen the Indian Army's operational capabilities.

Bharat Forge is responsible for delivering 155mm/52 Calibre Advanced Towed Artillery Gun Systems (ATAGS), while Tata Advanced System will supply High Mobility Vehicle 6x6 Gun tow vehicles. These acquisitions aim to modernize and replace older artillery systems, enhancing precision and range for more effective long-distance targeting.

Summary

Bharat Forge's share price dropped following the announcement of government contracts valued at Rs 6,900 crore. The agreements with the Ministry of Defence focus on upgrading the Indian Army's artillery capabilities through advanced weaponry and modern vehicles. This development signifies a step towards enhancing military readiness and operational efficiency.

Tagged: Bharat Forge Limited

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