Bharat Forge signs ₹425cr MoD contract for gas turbine generators
Business
Bharat Forge has signed a ₹425 crore contract with the Ministry of Defence to supply new gas turbine generators to the Indian Navy for Kolkata-class destroyers.
Over the next five years, these upgraded generators will replace lower-capacity units, giving the ships more onboard power and supporting India's push for homegrown defense tech.
Bharat Forge teams with AM General
On top of that, Bharat Forge's defense arm has teamed up with U.S.-based AM General to build advanced 155mm artillery systems for global militaries.
The news gave Bharat Forge's shares a nice bump, closing up 1.45%, a sign investors are feeling good about where the company is headed.