Bharat Forge rises on bagging contract worth Rs 1,661.9 crore
Bharat Forge is currently trading at Rs. 1479.70, up by 24.80 points or 1.70% from its previous closing of Rs. 1454.90 on the BSE.
The scrip opened at Rs. 1490.00 and has touched a high and low of Rs. 1491.95 and Rs. 1471.00 respectively. So far 12602 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,491.95 on 31-Dec-2025 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. 1491.95 and Rs. 1437.60 respectively. The current market cap of the company is Rs. 69557.12 crore.
The promoters holding in the company stood at 44.07%, while Institutions and Non-Institutions held 45.87% and 10.05% respectively.
Bharat Forge (BFL) has bagged contract worth Rs 1,661.9 crore from Indian Ministry of Defence (MoD) for supply of 255,128 CQB Carbines (5.56 x 45 mm) to the Indian Army. The contract sets forth order execution within five years. The 5.56 x 45 mm CQB Carbine is an indigenously designed, developed, and manufactured (IDDM) compact firearm jointly developed by Armament Research & Development Establishment (ARDE), DRDO and Bharat Forge, Pune.
Aligned with the Atmanirbhar Bharat mission, BFL and its wholly-owned defence subsidiary Kalyani Strategic Systems (KSSL), remain dedicated to equipping the Indian Armed Forces with ‘Made in India’ advanced defence equipment and platforms.
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.
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