In the last half hour of trading on July 27, shares of Bharat Forge increase by 4% after the company informs stock exchanges that it has received approval to participate in prospective future defense programs.
The authorization is issued by the Ministry of the Interior in accordance with the Arms Rules of 2016. This authorization pertains to small arms and their ammunition.
Automotive, Railways, Aerospace, Marine, Oil & Gas, Power, Construction, and Mining are some of the industries that Bharat Forge serves. It is one of the greatest forging enterprises in the world.
With the compilation of a positive indigenization list, the significant steps taken by the government in recent years toward self-reliance have created enormous opportunities for Indian actors. Bharat Forge is a beneficiary of this defense indigenisation and has established multiple capabilities in the fabrication of defense products for the Indian and Global Armed Forces.
Bharat Forge has proceeded toward consolidation of its Aerospace and Defense divisions under Kalyani Strategic System Ltd, a wholly-owned subsidiary. It aims to improve opportunities in defense manufacturing for both the Indian market and exports.
With the compilation of a positive indigenization list, the significant steps taken by the government in recent years toward self-reliance have created enormous opportunities for Indian actors. Bharat Forge is a beneficiary of this defense indigenisation and has established multiple capabilities in the fabrication of defense products for the Indian and Global Armed Forces.
Bharat Forge has proceeded toward consolidation of its Aerospace and Defense divisions under Kalyani Strategic System Ltd, a wholly-owned subsidiary. It aims to improve opportunities in defense manufacturing for both the Indian market and exports.
