Bharat Forge shares settled over 4 percent higher on Thursday following reports that the company had secured an order from the Indian Army.
The company, however, denied the reports, clarifying that no contract has been signed yet.
In a statement, Bharat Forge said it had submitted a bid for the Indian Army’s Close Quarters Battle (CQB) Carbine programme for the supply of 4.25 lakh carbines in March 2023. "After rigorous trials by the Indian Army, the commercial bids were opened in July 2025. For this programme, BFL has been qualified as the L1 bidder for the supply of 60 percent of the total order. At present, the contract finalisation process is underway with the Ministry of Defence and the contract is not signed as on date," the company said.
On the National Stock Exchange, shares of Bharat Forge settled 4.23 percent higher at Rs 1,296 apiece after hitting an intraday high of Rs 1,311, up 5.44 percent. The stock opened with a gain of 2.05 percent.
Earlier, British aircraft engine maker Rolls-Royce announced the signing of a pact with Bharat Forge for the manufacturing and supply of fan blades for its Pearl 700 and Pearl 10X engines.
The agreement, signed at Rolls-Royce’s Dahlewitz facility near Berlin, marks an expansion of the existing collaboration between the two companies and supports the engine maker’s plan to double its supply chain sourcing from India by 2030, the company said in a statement.
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