Bharat Forge on Wednesday announced that it has secured a defence contract worth ₹1,661.9 crore from the Ministry of Defence (MoD) for the supply of indigenously developed Close Quarter Battle (CQB) carbines to the Indian Army.
In a filing with the BSE, the company stated that it will supply 255,128 CQB carbines of 5.56 x 45 mm calibre under the contract. The execution of the order is expected to be completed over a period of five years. Given that the counterparty is the Ministry of Defence, the company noted that detailed commercial terms of the contract are confidential in nature.
The CQB carbine has been indigenously designed, developed, and manufactured under the IDDM (Indigenously Designed, Developed and Manufactured) category. The weapon system has been jointly developed by the Armament Research & Development Establishment (ARDE) of DRDO and Bharat Forge’s Pune-based facilities.
Bharat Forge said the project aligns with the government’s Atmanirbhar Bharat initiative. The company, along with its wholly owned defence subsidiary Kalyani Strategic Systems Limited (KSSL), continues to focus on supplying advanced, domestically manufactured defence equipment to the Indian Armed Forces.
Bharat Forge Financial Snapshot
In its Q2FY26 results, Bharat Forge reported a net profit of ₹299 crore and revenue of ₹4,032 crore. During H1 FY26, the company secured fresh orders worth ₹1,582 crore, including ₹559 crore from the defence segment. As of the end of H1 FY26, the defence order book stood at ₹9,467 crore.
Earlier, the company had transferred all defence-specific assets to its wholly owned subsidiary, Kalyani Strategic Systems Limited, to strengthen its focus on defence and aerospace manufacturing.
Bharat Forge Share Price Performance
Shares of Bharat Forge gained around 1.11% in Wednesday’s trading session. The stock has risen 14.61% over the past six months and is up 13.53% on a year-to-date basis.
Disclaimer: This article is for informational purposes only. Stock market investments are subject to market risks.
