- Bharat Dynamics Ltd secured Rs 2,462 crore orders from the Indian Army, as per a regulatory filing
- Order details withheld citing national security concerns
- ATGM orders to be completed in 42 months, SAM orders in 12 months
Bharat Dynamics Ltd. has secured additional orders worth Rs 2,462 crore from the Indian Army, according to an exchange filing on Monday.
There is no further information or specifics that are provided regarding the order due to national security reasons. The ATGMs, according to the exchange filing, is set to be executed in a span of 42 months while the SAMs are to be executed in a span of 12 months or one year.
-
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI -
"I Am A Material Man In A Material World': Quantum Advisors' Ajit Dayal On NDTV Profit Ignite
Earlier last month, the Ministry of Defence had inked a contract with the company worth Rs 2,095.70 crore. This was for the procurement of INVAR Anti-tank Missiles, under the 'Buy (Indian)' category, according to a PIB press release.
The contract was signed by senior officials of the Ministry of Defence and representatives of BDL in the presence of Defence Secretary Rajesh Kumar Singh at South Block, New Delhi on Thursday.
The procurement of the INVAR Anti-tank Missiles aims to enhance the firepower and lethality of Tank T-90, a mainstay of Armoured Regiments of the Indian Army.
The weapon system is a sophisticated laser-guided anti-tank missile with a very high hit probability. It is expected to transform the conduct of mechanised operations and offer operational advantage against adversaries.
"The procurement underscores the Government's efforts to meet the operational requirements of the Indian Army by leveraging the existing expertise of Defence Public Sector Undertakings," the release said.
"Along with development of niche technologies by domestic industries towards achieving 'Aatmanirbharta' in defence," it added.
Bharat Dynamics stock closed 1.10% higher at Rs 1,530 apiece, compared to an 0.10% advance in the benchmark Nifty 50 at close on Monday. It has risen 33.07% in the last 12 months.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.