Bharat Dynamics Gets Export Order Worth USD 255 Million

Bharat Dynamics (BDL) said on Monday that it received an export order worth USD 255 million. It also said that the order will be carried out if the government gives about That.

The company’s statement was sent to the stock exchanges on Monday.

On Monday morning, each share of the company was worth Rs 905, which is a rise of 3.67 percent from the previous close. In five days, the companies’ shares went up by 10.35 percent. In just six months, the shares of the company went up by 14.14 percent.

The state-owned aerospace and defence company said on Thursday that it made 10 deals with both foreign and Indian companies at Aero India, 2023.

According to information on the company’s website, BDL and Thales signed an MoU on Tuesday to set up factories in India to make laser-guided rockets and their major parts. Also, BDL made a deal with EDGE Group entity AL TARIQ, UAE, to work together to make long-range precision guided munition (LR-PGM) kits in India that can be used in any weather, day or night.

In October of last year, Bharat Dynamics and Dassault Aviation signed a Memorandum of Understanding (MoU) for the Integration of Bharat Dynamics’ Weapon Systems like Astra and Smart Anti-Airfield Weapon on Rafale Aircraft for the Indian Armed Forces and future export markets.

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

BDL is a defence public sector undertaking that makes and sells different missile systems to the Indian Armed Forces. It went from making missiles to being a “Weapon System Integrator” and is now a full-service provider for the Indian Armed Forces.