Bharat Forge shares gain over 3 pc as co bags Rs 178 crore-order
- Country:
- India
Shares of Bharat Forge closed with more than 3 per cent gain on Tuesday after the company announced receiving an order worth Rs 178 crore from the defence ministry for the supply of Kalyani M4 vehicles.
The company's stock jumped 3.36 per cent to close at Rs 607.95 apiece on the BSE.
On the NSE, it rose by 3.21 per cent to end the day at Rs 607.50 apiece.
The company has received the order from the Indian Army for protected vehicles under emergency procurement, according to a regulatory filing.
On Monday, the Pune-based firm had inked a pact with global aerospace and technology firm Paramount Group to manufacture armoured vehicles in the country.
The Kalyani M4 is a multi-role platform, designed to meet the specific requirements of armed forces for quick mobility in rough terrain and in areas affected by mine and improvised explosive devices (IED) threats.
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