Bharat Forge shines on signing MoU with Turgis Gaillard
Bharat Forge is currently trading at Rs. 1314.15, up by 14.35 points or 1.10% from its previous closing of Rs. 1299.80 on the BSE.
The scrip opened at Rs. 1325.00 and has touched a high and low of Rs. 1325.05 and Rs. 1302.35 respectively. So far 10904 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1826.20 on 21-Jun-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. 1345.65 and Rs. 1274.45 respectively. The current market cap of the company is Rs. 62605.71 crore.
The promoters holding in the company stood at 44.07%, while Institutions and Non-Institutions held 46.42% and 9.51% respectively.
Bharat Forge and French company Turgis Gaillard have signed a memorandum of understanding (MoU) to offer AAROK UAV in alignment to the Indian Ministry of Defence. AAROK is a MALE-class UAV developed to offer the best available technology at the lowest acquisition and deployment cost. Flying at high altitude and for long periods, it performs long-range surveillance missions. Its electromagnetic sensors and radar enable it to monitor the enemy while remaining stand of from the threats.
AAROK is permanently connected to command & control systems and other military assets, transmitting the information needed to establish an up-to-date tactical situation. With a payload of over 1.5 tonnes of weapons fired from a safe distance, AAROK also makes a decisive contribution to supporting multi-domain operations by striking far behind enemy lines, disrupting enemy defences and neutralising their surface-to-air defence systems.
Flying for more than 24 hours, AAROK will finally reinforce India's assertion of sovereignty over its territorial waters by detecting incursions and monitoring ongoing activities. A leading company in India's defence industry, an expert in managing complex programmes and a trusted partner of the Indian armed forces, Bharat Forge will establish an AAROK production line on site. These production capabilities will help meet the significant needs of the Indian armed forces with local production and ensure complete sovereignty on maintenance and overhaul operations. With AAROK, Turgis Gaillard and Bharat Forge are offering the Indian armed forces an advanced, robust and scalable MALE UAV designed to act as a force multiplier in a connected battlefield.
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.
