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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

2180.80 -16.20 (-0.74%)
04-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharat Forge 2180.80
Ramkrishna Forgings 688.55
Happy Forgings 1707.60
MM Forgings 552.50
Balu Forge Inds. 439.90
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