Introduction:
Leading defence manufacturers, including Tata Advanced Systems Ltd, have secured a ₹6,900 crore contract from the Ministry of Defence for 307 indigenous 155mm, 52 calibre ATAGS and high-mobility 6×6 gun towing vehicles, boosting India’s artillery modernization.
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Share price movement of Bharat Forge:
On March 27, 2025, Bharat Forge Ltd opened at ₹1,211.15, up 2.45% from its previous close of ₹1,182.25. The stock reached a high of ₹1,211.15 and a low of ₹1,131.55. By 11:08 AM, it traded at ₹1,185.35, a 0.26% increase, with a market cap of ₹56,670.24 crore.
MoD Signs ₹6,900 Cr ATAGS Deal:
The Ministry of Defence has signed contracts worth ₹6,900 crore with Bharat Forge Ltd and Tata Advanced Systems Ltd for procuring 307 indigenous 155mm, 52 calibre Advanced Towed Artillery Gun Systems (ATAGS) and high-mobility 6×6 gun towing vehicles.
Bharat Forge, the lowest bidder, secured 60% of the order (184 guns), while TASL received 40% (123 guns). The contract was signed in the presence of Defence Secretary Rajesh Kumar Singh at South Block, strengthening India’s self-reliance in defence manufacturing.
Developed by DRDO’s ARDE with Bharat Forge and TASL, ATAGS will modernize the Indian Army’s artillery. With over 65% indigenous components, it reduces import dependency, enhancing India’s defence capabilities and boosting local manufacturing.
Recent news on Bharat Forge:
As of February 13, 2025, Bharat Forge Ltd reported an 8.4% decline in standalone net profit to ₹346 crore for Q3 FY25, with revenue falling 7.4% to ₹2,096 crore due to weak EU demand and lower defence sales.
Stock performance of Bharat Forge for Period of 1 week, 6 months, and 1 year:
Bharat Forge Ltd delivered a -0.95% return over the past week, declining by 22.3% in the past six months. The stock gained 6.45% over the past year.
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Shareholding pattern of Bharat Forge:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 44.10% | 45.30% | 45.30% |
| FII | 18.20% | 18.70% | 17.00% |
| DII | 28.30% | 26.50% | 28.10% |
| Public | 9.40% | 9.60% | 9.60% |
About Bharat Forge:
Bharat Forge Ltd (NSE: BHARATFORG) is a leading manufacturer of forged and machined components for the automotive and industrial sectors. Part of the Kalyani Group, it operates across diverse industries, including engineering, renewable energy, and infrastructure.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
