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News: Kalyani Strategic Systems Limited, a subsidiary of Bharat Forge, unveiled the revolutionary MArG 45, a 155mm/45 Cal mounted gun system, at IDEX Abu Dhabi 2025. Mounted on a 4x4 all-terrain platform, it offers unmatched mobility, firepower, and rapid deployment, making it a game-changer in modern artillery. Capable of firing beyond 36 km, with a rapid 1.5-minute deployment time, and intense shoot-and-scoot capabilities, the MArG 45 redefines battlefield agility
View: The group's defence business posted a revenue of ₹ 337 crores in Q3FY25 and ₹ 1,488 crores in 9MFY25 (a Y-o-Y growth of 49%). With order wins of ~₹ 100 crores in Q3FY25, the executable order book in this domain now stands at ~₹ 5,700 crores. Defence is the new growth vertical at Bharat forge with promising prospects amidst its proven capabilities in this space. The company however had shared a muted growth outlook at its base automotive component business (both domestic as well as exports), keeping near term growth under check.
Impact: Neutral