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Bharat Forge surges on forming JVC for Artillery Systems in India

07 Feb 2013 Evaluate

Bharat Forge is currently trading at Rs. 227.55, up by 3.80 points or 1.70% from its previous closing of Rs. 223.75 on the BSE.

The scrip opened at Rs. 224.90 and has touched a high and low of Rs. 228.10 and Rs. 224.90 respectively. So far 11669 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 347.00 on 08-May-2012 and a 52 week low of Rs. 216.80 on 05-Feb-2013.

Last one week high and low of the scrip stood at Rs. 234.40 and Rs. 216.80 respectively. The current market cap of the company is Rs. 5291.41 crore.

The promoters holding in the company stood at 42.05% while Institutions and Non-Institutions held 28.36% and 29.58% respectively.

Bharat Forge, the flagship company of the Kalyani Group, and Elbit Systems Land and C41, a wholly-owned subsidiary of Elbit Systems has formed a new joint venture company (JVC), to address the Indian Ministry of Defence and other potential Indian government customers’ requirements for /the most advanced artillery and mortars systems solutions. This is however subject to requisite government and regulatory approvals.

The JVC will offer solutions in the Artillery Guns & Mortars segment based on Elbit Systems’ cutting edge technologically advanced products operationally used worldwide, such as the ATHOS 155/52 Towed Gun System, the ATMOS 155/52 Mounted Gun System and the upgraded 130 mm M46 Gun to a 155/45 Gun (KARAN).

The JVC will also role out a range of futuristic products like the Advanced Indian Gun System. The JVC will bring together Elbit Systems’ cutting-edge technology and system integration capabilities and Bharat Forge’s advanced capabilities in the areas of design, engineering, manufacturing, testing and validation.

Bharat Forge engages in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.

Bharat Forge Share Price

1859.95 4.70 (0.25%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharat Forge 1859.95
Ramkrishna Forgings 535.30
MM Forgings 463.25
Happy Forgings 1336.75
Balu Forge Industrie 486.20
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