CosmicTaco

Bharat Forge Secures Rs 6,900 Crore Defence Contract

CosmicTaco · 2025-03-27T10:31:13.436892+05:30

- Bharat Forge and Tata Advanced Systems Limited (TASL) have signed a contract with the Ministry of Defence for 155mm, 52 calibre Advanced Towed Artillery Gun Systems (ATAGS) and high-mobility 6x6 gun towing vehicles. - The total value of the contract is Rs 6,900 crore, contributing to the government's Rs 1.40 lakh crore defence contracts for the financial year 2024-25. - Bharat Forge shares ended slightly lower at Rs 1,183 amid weak market sentiments, despite a recent 13% gain over the past month. - The company's stock has been volatile, with a 1-year beta of 1.3, and is currently trading below its 200-day SMA but above its 50-day SMA. - Bharat Forge reported a consolidated net profit of Rs 213 crore for the December 2024 quarter, a 19.6% decline from the previous year, with revenue falling 10.4% to Rs 3,514 crore. Source: [Business News India](https://www.businesstoday.in/markets/stocks/story/bharat-forge-shares-in-focus-on-rs-6900-cr-defence-procurement-contract-469563-2025-03-27), [The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/bharat-forge-shares-in-focus-after-company-strikes-defence-procurement-deal-with-government/articleshow/119568750.cms)

Bharat Forge and Tata Advanced Systems Limited (TASL) have signed a contract with the Ministry of Defence for 155mm, 52 calibre Advanced Towed Artillery Gun Systems (ATAGS) and high-mobility 6x6 gun towing vehicles.
The total value of the contract is Rs 6,900 crore, contributing to the government's Rs 1.40 lakh crore defence contracts for the financial year 2024-25.
Bharat Forge shares ended slightly lower at Rs 1,183 amid weak market sentiments, despite a recent 13% gain over the past month.
The company's stock has been volatile, with a 1-year beta of 1.3, and is currently trading below its 200-day SMA but above its 50-day SMA.
Bharat Forge reported a consolidated net profit of Rs 213 crore for the December 2024 quarter, a 19.6% decline from the previous year, with revenue falling 10.4% to Rs 3,514 crore.

Source: Business News India, The Economic Times