Introduction:
Leading defense technology company has signed an MoU with a global defense firm to enhance tactical communications and C4ISR technologies in India. The collaboration aims to strengthen national security by advancing tactical radios and defense equipment for the armed forces
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Share price movement of Bharat Forge:
On February 11, 2025, Bharat Forge Ltd opened at ₹1,120.05, up 1.28% from its previous close of ₹1,134.60. The stock reached a high of ₹1,130.70 and a low of ₹1,107.90. By 3:04 PM, it traded at ₹1,114.20, with a market cap of ₹53,268.64 crore.
KSSL and L3Harris Partner for Defense Collaboration:
Kalyani Strategic Systems Limited (KSSL), a subsidiary of Bharat Forge Limited, has signed a Memorandum of Understanding (MoU) with L3Harris Technologies to collaborate on advanced defense and security equipment in India. The two-year agreement focuses on enhancing tactical communications and C4ISR technologies.
Under this MoU, L3Harris will leverage KSSL as a strong local partner to support the development of tactical communications networks in India. This partnership extends L3Harris’ global presence, which includes over one million fielded radios across the U.S. Department of Defense and allied inventories.
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The collaboration aligns with the U.S.-India Defense Industrial Cooperation initiative, fostering innovation in defense technologies. Both companies aim to accelerate the deployment of advanced tactical radios and equipment to strengthen India’s national security and modernize its defense infrastructure.
Recent news on Bharat Forge:
As of January 27, 2025, Apple has initiated talks with Bharat Forge Ltd to explore a potential vendor partnership in India. The collaboration would involve Bharat Forge manufacturing components, joining Apple’s existing partnerships with Tata Group, Motherson Group, and Aequs.
Stock performance of Bharat Forge for Period of 1 week, 6 months and 1 year:
Bharat Forge Ltd recorded a 3.17% decline over the past week, while its six-month performance saw a significant 27.6% drop. However, over the past year, the stock remained relatively stable, gaining 0.34%, reflecting resilience despite recent volatility.
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Shareholding pattern of Bharat Forge:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 44.10% | 45.30% | 45.30% |
| FII | 17.90% | 18.70% | 17.00% |
| DII | 28.50% | 26.50% | 28.10% |
| Public | 9.60% | 9.60% | 9.60% |
About Bharat Forge:
Bharat Forge Ltd (NSE: BHARATFORG), a part of the Kalyani Group, specializes in manufacturing and selling forged and machined components for the automotive and industrial sectors. The company plays a key role in engineering, steel, and advanced manufacturing industries.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
