Bharat Forge participates in contract negotiation process for Advanced Towed Artillery Gun System (ATAGS) with Ministry of Defence, Government of India.

Pune, 19 November 2024: Bharat Forge Limited (BSE: 500493, NSE:  BHARATFORG) 

In March 2023, the Ministry of Defence, Government of India, had accorded  the Acceptance of Necessity (AoN) for procurement of the 155mm/52cal  Advanced Towed Artillery Gun System (ATAGS) along with the Gun Towing  Vehicles (GTVs) for the Indian Army.  

After completion of due technical evaluation process and commercial bids  opening, the contract negotiation procedure between Bharat Forge Ltd and  the Indian Ministry of Defence is currently underway.  

We shall inform the stock exchange as soon as the contract negotiation  procedure is concluded which is expected before the end of the current  financial year 2024-25.