The price of Bharat Forge fell to $ 1,181.45 after 6,900 rupees of government deal
The MD Ministry of Defense has completed the contract of 6900 rupees with and tata Advanced System Limited. Contracts aim to enhance the defense infrastructure in India by collecting artillery systems and the advanced mobility of the Indian army.
According to this deal, Bharat Forge will produce and provide advanced 155 mm/52 mm artillery artillery systems. These weapons have been made to be more accurate, and have longer ranges, and better fiery power to help India achieve self -sufficiency in production.
Meanwhile, the Tata Advanced System will provide 6×6 withdrawals, for the rapid movement of artillery systems. These vehicles will modernize the military and facilitate rapid publication in combat operations.
The announcement of these deals is an important step towards updating the Indian Army’s artillery systems. However, investors are cautious, because the timetable for implementation and financial burden on Forge spices is unclear.