Bharat Forge Limited (BSE: 500493, NSE: BHARATFORG) - In March 2023, the Ministry of Defence, Government of India, had accorded the Acceptance of Necessity (AoN) for procurement of the 155mm/52cal Advanced Towed Artillery Gun System (ATAGS) along with the Gun Towing Vehicles (GTVs) for the Indian Army.
After completion of due technical evaluation process and commercial bids opening, the contract negotiation procedure between Bharat Forge Ltd and the Indian Ministry of Defence is currently underway.
The company shall announce as soon as the contract negotiation procedure is concluded which is expected before the end of the current financial year 2024-25.
Shares of Bharat Forge Limited was last trading in BSE at Rs. 1322.75 as compared to the previous close of Rs. 1303.40. The total number of shares traded during the day was 15458 in over 1638 trades.
The stock hit an intraday high of Rs. 1355.10 and intraday low of 1297.95. The net turnover during the day was Rs. 20615657.00. |
