BDL to set up 2 new plants amid profit drop
Bharat Dynamics Ltd. (BDL) is gearing up to open two new manufacturing units, one in Hyderabad's Ibrahimpatnam and another in Jhansi, Uttar Pradesh.
These plants are expected to be ready by FY27 and will help BDL keep up with a packed order book worth ₹26,000 crore, plus envisaged additional orders worth ₹15,000 crore in FY27.
Plant details and financials
The Hyderabad plant will house eight assembly lines and specialized testing infrastructure, including rocket motor testing and warhead penetration testing, while the Jhansi unit will focus on making rocket propellants and Grad rockets.
Even as BDL expands, it's hitting some bumps: profits dropped 50% last quarter and revenue fell by nearly one-third.
Still, shareholders got some good news: the board approved an interim dividend of ₹4.5 per share, with February 9 set as the record date.