Bharat Forge bags two export defence orders in PV segment

The order is for an Armoured Personnel Carrier and for Armoured Troop Carrier.

Apr 11, 2018 05:04 IST India Infoline News Service

Bharat Forge
India-based diversified global conglomerate Bharat Forge Limited (BFL) bagged two defence orders in the Protected Vehicles segment. This segment comprises of vehicles like the Armoured Personnel Carrier (APC), Light Bullet Resistant Vehicle (LBRV), Ultra-Light Strike Vehicle (ULSV), Light Armoured Vehicle (LAM) and the Armoured Troop Carrier (ATC).

The first order was for 4 x 4 APC, Class II (STANAG 4569) for the UN missions of Indian Army. The second order was for supplying an ATC to an Asian country. The second order was part of a larger order. Both these kind of vehicles are fitted with 360 degree rotating armoured turret with modular weapon mounts to meet lethality requirements. The vehicles have been successfully tested and evaluated by armies globally, including Indian Army.

Bharat Forge has manufacturing facilities spread across India, Germany, Sweden, France and North America. Commercial vehicle segment contributed 42%, industrial segment 46% and passenger vehicle segment 12% to segmental revenues of Q3FY18. Geography wise India formed 44%, Americas formed 39%, Europe formed 14% and Asia Pacific formed 3% of Q3FY18 revenues.

BFL, through a slew of measures including light weighting of components, new product development focused on entire powertrain and emission solution is well primed to capture the opportunities arising from the technological upgradation required to meet the emission norm applicable from 2020. 

Bharat Forge Ltd ended at Rs731.10 up by Rs0.55 or 0.08% from its previous closing of Rs730.55 on the BSE.

The scrip opened at Rs735 and touched a high and low of Rs741.40 and Rs727.95 respectively. A total of 19,00,620(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs34,013.58cr.

Related Story

Open Free Demat Account (Rs699)