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Bharat Dynamics and Indian Army sign contract worth Rs471.41cr; Stock ends higher

The contract between BDL and the Indian Army is for the refurbishment of IGLA - 1M missiles.

December 02, 2021 3:45 IST | India Infoline News Service
Bharat Dynamics
Bharat Dynamics Limited (BDL) and the Indian Army have signed a contract worth Rs471.41cr for the refurbishment of IGLA - 1M missiles. After the Refurbishment, a fresh lease of life will be given to the missile for a period of ten years.

The value of the Contract is Rs471.41cr, which was signed on Wednesday in New Delhi.

The Company, in addition to carrying out refurbishment, deals with the manufacture and supply of Guided Missiles and associated equipment, Underwater Weapon Systems, Airborne Weapon Systems, Ground Support Equipment, and product life cycle support.

Bharat Dynamics Ltd is ended at Rs426.50 per piece up by Rs14.25 or 3.46% from its previous closing of Rs412.25 per piece on the BSE.

The company said in a filing on Thursday that in order to give momentum to its efforts towards self-reliance, BDL has also built-up its in-house R&D capabilities primarily focussing on design & engineering activities. The Company is leveraging emerging technologies like Artificial Intelligence to develop futuristic weapons for the Armed Forces.

To tap the export potential of its products, BDL has forayed into international market by offering its exportable products to friendly foreign countries. The Company has already exported Torpedoes to a friendly foreign country in the past. BDL is also receiving leads from several countries for its products.

To upgrade its technological capability, BDL has made a paradigm shift in its manufacturing processes by leveraging niche technologies, adopting practices like industry 4.0, operating latest Surface Mounted Devices assembly lines etc. These have proved to be some of the enablers for the Company to contribute towards making the nation ‘Atmanirbhar’ (self-reliant) in Defence sector and also to export its ‘Made in India’ products to friendly foreign nations.

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