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Bharat Dynamics receives Rs 8,161 crore order from MoD

Mar 31, 2023

By: BlinkX Research Team

Bharat Dynamics Limited (BDL) signed a contract for Rs 8161 Crore with the Ministry of Defence, Govt of India for the production and supply of Akash Weapon System to the Indian Army. The contract, which was signed in New Delhi is for two regiments of the Indian Army. The order is to be executed in three years.

Further, BDL also received an order of Rs 261 Crore for CMDS for MLH Helicopters.

The consolidated order book position of BDL has now reached a staggering figure of Rs 24,021 crore approx. with the signing of this new contract.

Commodore Siddharth Mishra (Retd), Chairman and Managing Director, BDL stated that signing of the new contract will give a major boost to the Akash programme and both, BDL and its supply chain partners, are geared up to meet the production demands of the Weapon System. In addition to the domestic market, the Akash Weapon System is also being offered for export to friendly foreign countries.

The financial year, 2022-23, has been an eventful year for the Company with new orders received from the domestic and international markets, setting up of State-of-the-Art manufacturing facilities, unveiling of new products for the armed forces, signing of MoUs with foreign and Indian Companies which have opened up new business opportunities for BDL.

BDL has received several orders in the current year for supply of various systems which includes Astra MK-I Air to Air Missile (AAM) and associated equipment for the Indian Air Force and Indian Navy. In addition to this, BDL has received order of Counter Measures Dispensing System.

BDL has set up Warhead Manufacturing facility at its Bhanur Unit, Seeker manufacturing facility at its Kanchanbagh Unit which takes BDL to the coveted club of RF Seeker manufacturer and tester in the world. Very few countries can boast of the same. This is a major step towards BDL’s efforts towards realization of Atmanirbharta in line with the Government of India’s policy. Further, BDL is all poised to manufacture state- of- the-art VSHORADS (Very Short Range Air Defence System), Laser Beam Riding Munitions under TOT agreement with Thales UK under the Make in India scheme. This will be short in the Arm for both, BDL and the Indian Armed forces.

The Company has entered into a Memorandum of Understanding (MoU) with several foreign OEMs which will usher new opportunities for growth and bring new technologies into the Company.