Bharat Forge gains as its arm signs agreement with MP3 International
Bharat Forge is currently trading at Rs. 1231.70, up by 20.30 points or 1.68% from its previous closing of Rs. 1211.40 on the BSE.
The scrip opened at Rs. 1230.00 and has touched a high and low of Rs. 1235.40 and Rs. 1215.00 respectively. So far 20060 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1628.50 on 13-Sep-2024 and a 52 week low of Rs. 919.10 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1237.00 and Rs. 1142.95 respectively. The current market cap of the company is Rs. 58886.18 crore.
The promoters holding in the company stood at 44.07%, while Institutions and Non-Institutions held 45.78% and 10.15% respectively.
Bharat Forge’s wholly owned subsidiary -- Kalyani Strategic Systems has signed a landmark agreement with MP3 International, a GRADEONE subsidiary and an Abu Dhabi–based, highly skilled supplier and manufacturer of defence, security, law enforcement, rescue services, and sporting and hunting products. GRADEONE is an entity of EDGE Group and a leading provider of military hardware equipment, pyrotechnics, ammunition, and other supplies for the UAE Armed forces and other critical national entities.
Under the agreement, Kalyani Strategic Systems will supply to UAE with large calibre 155mm barrels for howitzers, which are commonly used by armed forces worldwide and designed to deliver long-range, high-explosive fire support. The barrels ensure optimal performance and longevity of the howitzer utilization, enhancing operational readiness and mission success. The contract reinforces the long-term cooperation between the UAE and India, paving the way to serve two lucrative markets of focus, as well as the wider regions of Southeast Asia and MENA. It also marks a pivotal step in strengthening the defence ecosystem of both the UAE and India by advancing technological superiority and reinforcing the shared commitment to security, stability, and long-term cooperation
EDGE’s relationship with India remains both multi-layered and strategic, spanning joint ventures, platform integration, technology transfer, and deepening institutional ties. The latest engagement reflects a strong alignment with both countries’ self-reliance goals while also expanding global export potential and interoperability.
Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.
