Pune. 19 November 2024. Bharat Forge Limited (BSE: 500493, NSE: BHARATFORG)
In March 2023, the Ministry of Defence, Government of India, had accorded the Acceptance of Necessity (AoN) for procurement of the 155mm/52cal Advanced Towed Artillery Gun System (ATAGS) along with the Gun Towing Vehicles (GTVs) for the Indian Army.
After completion of due technical evaluation process and commercial bids opening, the contract negotiation procedure between Bharat Forge Ltd and the Indian Ministry of Defence is currently underway.
We shall inform the stock exchange as soon as the contract negotiation procedure is concluded which is expected before the end of the current financial year 2024-25.