Kalyani Rafael Advanced Systems Pvt. on Monday said it has bagged a Rs 287.51 crore order from the defence ministry for the supply of missile systems.
The company is a joint venture between Kalyani Strategic Systems Ltd. (a wholly-owned defence subsidiary of Bharat Forge Ltd.) and Rafael Advanced Systems Ltd. of Israel.
"The order is expected to be executed over the next 12 months," Bharat Forge said in a regulatory filing.
The value of the order amounting to Rs 287.51 crore is inclusive of taxes, it added.
Bharat Forge had set up Kalyani Strategic Systems Ltd., a 100% subsidiary, as a flagship company to drive defence business initiatives of the group.
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