Bharat Forge Signs ₹1,661.9 Crore Small Arms Contract with Indian Defence Ministry
Bharat Forge has secured a significant small arms contract worth ₹1,661.9 crore with the Indian Defence Ministry to supply over 2.55 lakh CQB carbines to the Indian Army over five years. In related news, RITES received a $3.6 million order from Zimbabwe for locomotives, while Dynacons Systems won a ₹249 crore contract from the Reserve Bank of India for software maintenance and training. Additionally, PowerGrid was recognized for a major battery energy storage project in Andhra Pradesh.
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Bharat Forge has signed its largest small arms contract with the Ministry of Defence for ₹1,661.9 crore, supplying over 2.55 lakh CQB carbines to the Indian Army over five years. RITES has received a $3.6 million order from Zimbabwe for Cape Gauge diesel electric locomotives, to be executed within three months.
Dynacons Systems secured a ₹249 crore contract from the Reserve Bank of India for a software project involving maintenance and training over five years. PowerGrid received an award for a 2,000 MWh battery energy storage project in Andhra Pradesh, including a 150 MW/300 MWh system at the Kalikiri substation.
Tata Steel's shares may be affected by a new three-year safeguard duty on steel imports, particularly from China. NBCC (India) sold residential units for ₹1,045.40 crore in Noida and Greater Noida, while Premier Energies reported order inflows of ₹2,307.30 crore in Q3 FY26.
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