Bharat Dynamics surges on order win of Rs 760 crore from Indian Army

Shares of Bharat Dynamics jumped 15% to Rs 320 on the National Stock Exchange (NSE) Tuesday after the company said it has signed contract worth around Rs 760 crore with the Indian Army for production and supply of Anti-Tank Guided Missiles (ATGM) and Launchers.

The missiles and launchers will be manufactured under continued technical collaboration with Russia at the Bhanur unit of Bharat Dynamics in Telangana state, the company said in a statement.

At 03:09 pm, Bharat Dynamics was trading 6% higher at Rs 294 on the NSE, as compared to a 0.29% rise in the Nifty50 index. Read More

You may also read!

Navy Chief In Kochi Urges Naval To Ensure Safe Coasts And Secure Seas

Conduct of the mega naval exercise TROPEX 19, the operational readiness of the Indian Navy, a realistic audit of


India to potentially acquire Su-57 stealth jets: report

The Russian Federation’s domestically-produced Su-57 stealth jet will be transferred to their aerospace forces by the end of 2019,


Rear Admiral Krishna Swaminathan, VSM takes charge as Flag Officer Sea Training

Rear Admiral Krishna Swaminathan, VSM, has on Monday assumed charge as Flag Officer Sea Training (FOST) at Kochi. Rear


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu