Bharat Forge to Fire Up Defence with Arms License

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Bharat Forge Gets Green Light to Make Small Arms and Ammo for Defence

Bharat Forge, a leading manufacturer of forged and machined components, has received a license from the Ministry of Home Affairs to make small arms and ammunition for defence purposes. This will enable the company to participate in potential defence programs in the future and boost its revenues.

What does the license mean for Bharat Forge?

The license, granted under Arms Rules, 2016, allows Bharat Forge to manufacture and supply small arms and its ammunition to the Indian Armed Forces and other security agencies. Small arms include pistols, revolvers, rifles, carbines, sub-machine guns, light machine guns and grenade launchers.

This is a significant achievement for Bharat Forge, as it expands its product portfolio and capabilities in the defence sector. The company has been investing in developing defence technologies and products for the past few years, and has established a strong presence in the domestic and global markets.

Bharat Forge serves various sectors such as Automotive, Railways, Aerospace, Marine, Oil & Gas, Power, Construction and Mining. It is one of the largest forging companies in the world, with a global footprint across 10 countries.

How will this impact the stock price of Bharat Forge?

The news of the license approval has boosted the stock price of Bharat Forge by 4 percent in the last half hour of trade on July 27. The stock closed at Rs. 760.65 per share on the BSE, up by 3.41 percent from the previous close.

The market sentiment is positive for Bharat Forge, as it is expected to benefit from the government’s push for self-reliance and indigenization in defence procurement. The company has already bagged several orders from the Indian Army and Navy for artillery guns, armoured vehicles, missile systems and naval systems.

The company has also consolidated its Defence and Aerospace businesses under Kalyani Strategic System Ltd, a wholly-owned subsidiary of Bharat Forge. This will help the company to leverage its synergies and capabilities in defence manufacturing and exports.

Bharat Forge is well-positioned to capture the growing opportunities in the defence sector, both in India and abroad. The company has a strong order book, a diversified product range, a robust R&D infrastructure and a proven track record of delivering quality products. The license to make small arms and ammunition will further enhance its competitive edge and growth prospects in the defence market.

Keywords: Bharat Forge, Small Arms, Ammunition, Defence, License, Stock Price, Growth,News,

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