MoneyWorks4Me

Bharat Forge’s arm’s JV bags order worth Rs 287.51 crore

28 Aug 2023 Evaluate

Kalyani Rafael Advanced Systems, a joint venture company between Kalyani Strategic Systems (a wholly owned Defence subsidiary of Bharat Forge) and Rafael Advanced Systems of Israel, has bagged an order amounting to Rs 287.51 crore inclusive of taxes from the Indian Ministry of Defence for the supply of Missile Systems. The order is expected to be executed over the next twelve months. 

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


Peers
Company Name CMP
Bharat Forge 1874.00
Ramkrishna Forgings 686.00
MM Forgings 590.30
Happy Forgings 2079.00
Balu Forge Inds. 498.45
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