It expects almost Rs 4 lakh crore worth contracts will flow towards the domestic industry in the next five to seven years. Most defence-related stocks gained ground on Monday post the development with Bharat Dynamics up nearly 8 per cent at Rs 452 on the BSE
Sushant Singh Rajput: Maharashtra Government calls Patna FIR 'mala fide & illegal' in its submission to SCHow Sanjay Dutt Came to Know About His Lung Cancer? BEML shares were up over 5%, BEL shares gained more than 13%, while Bharat Forge surged 6% among other companies that are directly or indirectly related to the defence industry. Exercise Can Improve ItTorrential Rainfall Causes Spectacular Reverse Waterfall in Australia’s Royal National ParkFor a father-daughter pair who've built a tradition around riding, going to the Sturgis Motorcycle Rally is sacred and worth the risk, even during the pandemicJ-K police in Rajouri to collect DNA samples of relatives of 3 ‘militants’ killed in encounterSushant Singh Rajput dancing with Siddhant Chaturvedi to Chikni Chameli in a video will make you miss him moreThe Absolute Worst Dessert You Should Never Order at Any RestaurantTony Hawk is renaming a trick in his video game called the 'mute grab' to better and more accurately honor the deaf skater who invented the moveMotorists are letting their car insurance auto-renew – and it’s costing them a fortuneUNESCO warns historic Beirut buildings at risk of collapse, says will lead campaign for recoveryStar Parivaar Ganeshotsav: Harshad Chopda to pay tribute to Sushant Singh RajputIndian shuttler N Sikki Reddy tests positive for coronavirusOnline channel share increases to 43% in Indian smartphone market as contact-less delivery preferred: CounterpointKnow How Intermittent Walking Can Help In Weight LossNow, Donald Trump wants rule change to ensure perfect hair washTurkey says any attack on its ship in Mediterranean dispute will exact 'high price'Katy Perry convinced Orlando Bloom to play Prince Harry in new series 'The Prince'2020 IPL will be 'more secure' from corruption due to bubbleGold loan alert! Edelweiss has raised the target price for Bharat Electronics to Rs 140, and for Bharat Forge to Rs 500. Bharat Forge, BEL and L&T: Defence stocks may gain after the Ministry of Defence announced over the weekend that it has prepared a list of 101 items for which there would be an embargo on the import beyond the timeline indicated against them. This bank comes up with new offersWhether You Should Do Sit-Ups Or Crunches Comes Down To Which Abs You Want To Train4 Beautiful islands in Phi Phi that you should visit for onceTata Signa 4825.TK truck launched: India’s largest tipper’s specs, featuresRain-related incidents leave two dead in UP, one in Bihar; Delhi receives heaviest downpour this seasonIndia's health budget needs a boost to brace for impacts of future climate disastersIndependence Day 2020: Places to visit in India post lockdown that have patriotic relevanceMaruti Suzuki Alto Becomes India's Best-Selling Car, 40 Lakh Units Sold Since Launch in 2000Seismic data suggests string of blasts preceded Beirut explosion, says Israeli analystWorld No.1 Novak Djokovic confirms his participation for U.S. OpenMauritius tourism, reeling from coronavirus, now hit by oil spillVitamin A-rich foods to include in your diet, according to FSSAIRecord of Youth Teaser: Park Bo Gum & Byeon Woo Seok's moms have differing ideals when it comes to parenthoodGUJCET 2020 exams: Admit cards to be released soon, check @gujcet.gsebht.inLudhiana: SCD Govt College, Govt College for Girls conduct online counsellingSocial media changed television space: Urvashi UpadhyayEngland vs Pakistan: Fawad Alam disappoints on comeback as hosts seize control on opening day of 2nd TestMid-cap Picks with Anil Singhvi: 3 stocks to buy for big gains? Bharat Forge's chairman and managing director, Baba Kalyani, welcomed the India's government's move to ban 101 defence items. Bharat Heavy Electronics Limited (BHEL), Larsen & Toubro, Hindustan Aeronautics Limited (HAL), Bharat Forge gained following reports as the ban could bring an … "This strategic step will propel the Atmanirbhar Bharat …
Currently Bharat Forge has manufacturing operations in four locations: L&T, BEL, Bharat Forge, other defence stocks gain as Government looks to push local manufacturing. The company has now entered into the defence sector and is moving from being a components manufacturer to a complete product maker. Bharat Forge, HAL, BEL : Defence-related stocks poised for an upside Bharat Forge cranks up for the future as Covid dents biz at home and abroad Bharat Forge shares ended nearly 16 per cent higher at Rs 502.80 on the BSE on Thursday even after the company reported a consolidated loss of Rs 127.3 crore for the quarter ended June 30. "These developments are a step in the right direction given the inclusive approach and better clarity. BEML shares were up over 5%, BEL shares gained more than 13%, while Bharat Forge surged 6% among other companies that are directly or indirectly related to the defence industry.
Bharat Forge's products include front axle beams, steering knuckles, connecting rods and crankshafts. Although this comes as a major boost for local manufacturers, analysts claim that hurdles could still hinder the plan to manufacture locally.Share price of Mahindra & Mahindra along with Larsen & Toubro gained over 4% on Monday morning. The move of the Defence Ministry is aimed at promoting the Atmanirbhar Bharat slogan. The list includes artillery guns, short range missiles, radar systems, light machine guns, and even Light Combat Helicopters, among other things. Read The Full Story HereRumble on the Reef: Mike Tyson fighting a shark is a must-seeWhatsApp facility! However, for higher private sector commitment, decision making and execution with respect to pace of ordering, funds availability and seamless-integration across value chain remain key to success," said Edelweiss Securities.রাজনীতি থেকে খেলা, বিনোদেন, লাইফস্টাইল, সব খবর বাংলায় Hristo Ibouchev Executive Director, Arsenal 2000 JSCo said “Arsenal is proud to be the first Defence OEM in Bulgaria to become an active participant in the Make in India program with Kalyani Group as its partner for Assault Rifle, Machine Gun and Ammunition for Ministry of Defence, India.” Bharat Forge Signs a MoU With General Atomics