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Budget News

  • Bharat Dynamics gains on bagging orders from Defense Ministry
  • March 31,2023  10:30
  • The contract is for two regiments of the Indian Army and it is to be executed in three years.

    Further, the PSU company has also received an order of Rs 261 crore for counter measures dispensing system (CMDS) for MLH helicopters.

    Commodore Siddharth Mishra (Retd), chairman and managing director of BDL stated that signing of the new contract will give a major boost to the Akash programme and both, BDL and its supply chain partners, are geared up to meet the production demands of the weapon system. In addition to the domestic market, the akash weapon system is also being offered for export to friendly foreign countries.

    The consolidated order book position of BDL has now reached Rs 24,021 crore approximately with signing of this new contract.

    Bharat Dynamics is engaged in the manufacturing of Missiles and allied Defence Equipments. The Company provides majority of its goods and services to the Indian Armed forces and Government of India.

    The company reported 61% drop in net profit to Rs 83.74 crore on 43% decline in total revenue from operations to Rs 461.55 crore in Q3 FY23 over Q3 FY22.

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