News: As per media sources, the Indian army has floated a tender for procurement of 400 next generation artillery guns (155-mm-52-calibre) which will be designed and manufactured in India, preferably by the private sector.
Views: Bharat forge has formidable presence in the domestic defence space (Defence sales was ~₹ 640 crores in Q1FY25 with executable order book of ₹ 5,400 crores) and already counts it as its fastest growing revenue stream with ambitious growth targets in this domain. The company’s ATAG’s are already approved by DRDO and we expect it to have a role to play in this fresh tender of 400 artillery guns.
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