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HomeNewsBusinessMarketsBharat Dynamics gets a boost as all 3 defence forces plan to induct Nirbhay missiles

Bharat Dynamics gets a boost as all 3 defence forces plan to induct Nirbhay missiles

The government had given clearance to induct the missile in the inventory of the other two services about two years ago. It now plans to add the third services as well.

November 15, 2023 / 13:24 IST
The Nirbhay class cruise missiles complement the supersonic BrahMos cruise missiles that travel a shorter range.

The Nirbhay class cruise missiles complement the supersonic BrahMos cruise missiles that travel a shorter range.

Bharat Dynamics, which has been reported to make the Nirbhay class of missiles, may get a shot in the arm as all three defence forces will reportedly induct these weapons designed to hit a target more than 1,000 kilometres away.

"The government is considering a proposal of a service to induct the Nirbhay class cruise missiles,” ANI reported, citing sources. “The consideration is at an advanced stage and, once cleared, it will mean that all three forces will have the capability to use the subsonic cruise missiles to strike targets."

The government had given clearance to induct the missile in the inventory of the other two services about two years ago. It now plans to add the third services as well.

The Nirbhay class cruise missiles complement the supersonic BrahMos cruise missiles that travel a shorter range. The Nirbhay class long-range cruise missiles have been developed by the Defence Research and Development Organisation (DRDO) indigenously and travel at a speed lower than that of sound.

Shares of Bharat Dynamics traded at Rs 1,080.80, little changed from the previous session’s close on the BSE. Year-to-date, the stock is up about 15 percent.

Moneycontrol News
first published: Nov 15, 2023 01:24 pm

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