Bharat Forge Limited has informed the Exchange regarding a press release dated September 11, 2025, titled "GRADEONE and Kalyani Strategic Systems Limited Sign Landmark Contract for Artillery System Critical Spare Parts Supply to UAE".
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Bharat Forge's group companies GRADEONE and Kalyani Strategic Systems Limited (KSSL) have signed a landmark contract to supply critical spare parts for artillery systems to the United Arab Emirates. The contract, announced on September 11, 2025, marks a significant defence export order for the group. This comes through subsidiaries focused on defence and strategic systems, reinforcing Bharat Forge's push beyond its traditional auto forging business. While the exact deal value has not been disclosed, the term 'landmark' suggests it is a material order.
Positive for Bharat Forge shareholders as it strengthens the defence export vertical and opens a new geography (UAE) for artillery-related supplies. Could support valuation re-rating if defence orders scale up, though absence of disclosed value tempers immediate excitement.