Bharat Forge has secured a contract from the Ministry of Defence (MoD) valued at Rs 1,661.9 crore. The contract is for the supply of indigenously designed and developed Close Quarter Battle (CQB) carbines.
Bharat Forge to supply over 2.5 lakh CQB carbines to Indian Army
In its BSE filing the company said that, Bharat Forge will supply 255,128 CQB carbines of 5.56 x 45 mm calibre to the Indian Army. The contract is expected be executed in five years.
Given that the counterparty is the Indian Ministry of Defence, the company said the contract is confidential in nature.
Bharat Forge, DRDO jointly develop indigenously made CQB carbine
“The 5.56 x 45 mm CQB Carbine is an indigenously designed, developed, and manufactured (IDDM) compact firearm jointly developed by Armament Research & Development Establishment (ARDE), DRDO and Bharat Forge, Pune,” Bharat Forge said in its BSE release.
“Aligned with the Atmanirbhar Bharat mission, we – BFL, and our whollyowned defence subsidiary Kalyani Strategic Systems Limited (KSSL), remain dedicated to equipping the Indian Armed Forces with ‘Made in India’ advanced defence equipment and platforms,” it noted.
Bharat Forge Q2FY6
Bharat Forge, in its Q2FY26 results, reported a net profit of Rs 299 crore and revenue of Rs 4,032 crore. The company secured new orders worth Rs 1,582 crore in H1 FY26, including Rs 559 crore from the defence segment. As of the end of H1 FY26, the defence order book stood at Rs 9,467 crore.
In its Q2 press release, Bharat Forge said it has transferred all defence-dedicated assets to its wholly owned subsidiary, Kalyani Strategic Systems Limited (KSSL), to sharpen its focus on the segment.
Looking ahead, the company expects growth in the Indian industrial business, defence, aerospace and non-US export markets in H2 FY26.
Bharat Forge share price
The share price of Bharat Forge gained nearly 1.11% in Wednesday’s trade. The stock has risen 14.61% over the past six months and is up 13.53% year-to-date.
