The Economic Times News

Bharat Forge shares in focus after Rs 1,662 crore contract win from Defence Ministry

Bharat Forge Limited has secured its largest small arms contract. The Ministry of Defence awarded the company a deal worth Rs 1,661.9 crore. This contract is for supplying 255,128 Close Quarter Battle Carbines to the Indian Army. The carbines are indigenously designed and developed. Execution of this significant contract is expected to begin within five years.