Bharat Forge’s Shares in Focus; Subsidiary Signs MoU for Advanced Defence Technology

Bharat Forge’s KSSL and L3Harris Technologies sign a two-year MoU to collaborate on advanced defence solutions for India, focusing on C4ISR technologies and supporting tactical communication for the Indian Armed Forces, the company said in a press release on the stock exchanges.

KSSL-L3Harris MoU Details

Kalyani Strategic Systems Limited (KSSL), a subsidiary of Bharat Forge Limited, and L3Harris Technologies have signed a Memorandum of Understanding to strengthen collaboration in advanced defence technologies for India.

The two-year agreement will focus on delivering Command, Control, Communications, Intelligence, Surveillance, and Reconnaissance (C4ISR) solutions and supporting tactical communications for the Indian Armed Forces.

“This MOU sets the stage for future partnerships and opportunities in India, where the combined strengths of L3Harris and KSSL can contribute to bolstering national security,” said Dave Johnson, Vice President, International, L3Harris.

The collaboration aims to expedite the delivery of advanced tactical radios and equipment to the Indian military.

The focus of this partnership is on the Indian market, but the MOU also aims to build resilient supply chains for global defence obligations. L3Harris, with more than 21 years in India, provides advanced technologies, including tactical radios, and partners with the Airport Authority of India to enhance telecommunications infrastructure at airports.

KSSL, backed by Bharat Forge, has developed indigenous defence products and continues to expand its global footprint with artillery systems, mobility solutions, and munitions.

Share Price Performance

Bharat Forge Limited’s share price stood at ₹1,124.95 at 1:00 PM on the NSE, reflecting a decrease of ₹9.85 or 0.87% from the previous close. The stock opened at ₹1,133.90 and reached a high of ₹1,134.75 during the trading session. The low point for the day was ₹1,114.15.

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