Bharat Dynamics Receives Export Order Of $255 Mn

Bharat Dynamics (BDL) announced on Monday that it had received a USD 255 million export order. It also stated that the order would be carried out subject to government approvals.

On Monday, the company issued a statement to the stock exchanges.

The company's shares were trading at Rs 905 per share, up 3.67 per cent from the previous close on Monday morning. The companies' shares had risen 10.35 per cent in five days. The company's stock increased 14.14 per cent in six months.

On Thursday, the state-owned aerospace and defence company announced that it had entered into ten agreements with various foreign and Indian companies during Aero India 2023.

According to information on the company's website, BDL signed an agreement on Tuesday with the UK company Thales to establish manufacturing facilities for laser-guided rockets and their major components in India. In addition, BDL and an EDGE Group entity, AL TARIQ, UAE, signed an agreement to jointly produce all-weather, day or night, long-range precision-guided munition (LR-PGM) kits in India.

In October of last year, Bharat Dynamics and Dassault Aviation signed a Memorandum of Understanding to integrate Bharat Dynamics' weapon systems such as Astra and Smart Anti-Airfield Weapon on Rafale aircraft for the Indian Armed Forces and future export markets.

Furthermore, Bharat Dynamics and IIT Ropar signed an agreement on 21 October to collaborate on research projects and technology development for missiles and underwater weapons.

BDL is a public-sector defence enterprise that manufactures and supplies various missile systems to the Indian Armed Forces. It has evolved from a missile manufacturer to a Weapon System Integrator, serving as a one-stop shop for the Indian Armed Forces.