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Bharat Forge in Advanced Contract Negotiations for ATAGS with Ministry of Defence

19 November 20242 mins read by Angel One
Bharat Forge Limited enters advanced negotiations with the Ministry of Defence for the ATAGS procurement contract, expected to conclude by FY25.
Bharat Forge in Advanced Contract Negotiations for ATAGS with Ministry of Defence
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In March 2023, the Ministry of Defence approved the Acceptance of Necessity (AoN) for acquiring the 155mm/52cal Advanced Towed Artillery Gun System (ATAGS) and associated Gun Towing Vehicles (GTVs) for the Indian Army. The project aligns with India’s efforts to bolster its defense capabilities.

Negotiation Status

Bharat Forge Limited has successfully completed the technical evaluation and commercial bid process. The company is now in the contract negotiation phase with the Ministry of Defence, aiming to finalize the agreement by the end of the current financial year, FY25.

Significance of ATAGS

The ATAGS is a next-generation artillery system designed to enhance the firepower of the Indian Army. Its advanced specifications, including 155mm caliber and 52-caliber length, offer superior range and accuracy.

About Bharat Forge

Bharat Forge Limited, headquartered in Pune, is a leading global technology and manufacturing company. With 18 manufacturing facilities across five countries, the company caters to multiple sectors, including automotive, power, oil & gas, rail, defense, and aerospace. Its expertise spans from product design to testing and validation, making it a trusted partner for marquee clients worldwide.

Next Steps

Bharat Forge has assured timely updates on the conclusion of the negotiations. The company’s involvement underscores its commitment to advancing India’s self-reliance in defense manufacturing.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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