KRAS receives $100 million contract from Rafael Advanced Defense Systems

11 Jul 2019 Evaluate

Kalyani Rafael Advanced Systems (KRAS) has received a $100 million contract from Rafael Advanced Defense Systems for manufacturing 1,000 BARAK-8 MRSAM missiles' kits for the Indian Army and Air Force.

KRAS is a 49:51 ratio Joint Venture between Rafael Advanced Defense Systems and Kalyani Strategic Systems (KSSL), with the Indian partner holding 51%. KSSL is a 51% subsidiary of Bharat Forge.

Bharat Forge Share Price

757.80 7.15 (0.95%)
29-Mar-2023 18:02 View Price Chart
Peers
Company Name CMP
Bharat Forge 757.80
Mahindra CIE Auto. 344.10
Ramkrishna Forgings 281.65
MM Forgings 839.00
Kalyani Forge 211.50
View more..