Bharat Forge Share Price Rises 2% on Defence Complex Plans and Record Orders

Bharat Forge shares gained over 2% after unveiling plans for a 950-acre defence complex in Andhra Pradesh to manufacture missiles, energetics, and space systems. Backed by record defence orders worth ₹4,000 crore and global tie ups, the company is aligning with India’s vision of ₹3 lakh crore in defence production and ₹50,000 crore in exports by 2029.

Defence Energetics Manufacturing Complex

Bharat Forge, through its step-down subsidiary Agneyastra Energetics, has initiated the purchase of a 949.65-acre land parcel in Madakasira, Anantapur District, Andhra Pradesh. The site will host an End-to-End Defence Energetics Manufacturing Complex, which will include:

• A high explosives manufacturing plant
• An ammunition filling plant
• A gun propellant facility
• Provisions for future expansion into energetics for rockets, missile systems, and space launch vehicles

This move underscores Bharat Forge’s intent to build indigenous capabilities across the defence value chain and position itself as a long-term partner in India’s defence and aerospace growth story.

Riding India’s Defence Production Push

The timing of this investment is strategic. India has set ambitious targets of achieving ₹3 lakh crore in defence production and ₹50,000 crore in exports by 2029. Bharat Forge, with its blend of indigenous know-how and global collaborations, is well placed to capture a significant share of this opportunity.

In FY25, the company secured its largest ever defence order, valued at nearly ₹4,000 crore, for supplying 184 ATAGS platforms. This was hailed as a defining moment for India’s private defence industry, highlighting the government’s growing reliance on private players as production partners.

Expanding Global Partnerships

Bharat Forge’s defence arm, Kalyani Strategic Systems (KSSL), continues to broaden its capabilities through partnerships and acquisitions:

• Acquired a 25% stake in Italy-based EdgeLab, a specialist in Autonomous Underwater Vehicles (AUVs).
• Building a 4 lakh sq. ft. manufacturing facility near Pune, expected to begin operations in H1FY26.

These moves signal a multi-pronged strategy—expanding across land, sea, and now space-related defence technologies.

Bharat Forge Share Price Performance

Bharat Forge shares traded at ₹1,207.90, up 2.22% at 2:36 PM on the NSE from the previous close of ₹1,181.70. The stock touched an intraday high of ₹1,238.70 with a VWAP of ₹1,222.80.

The uptrend reflects market confidence in the company’s growth trajectory and its ability to capitalise on India’s defence indigenisation drive.

Read More: Defence Sector Q1 FY26 Results Snapshot: Mazagon Dock, BEL, Paras Defence and More.

Conclusion

Bharat Forge’s expansion into advanced defence manufacturing backed by landmark orders, new facilities, and international partnerships positions it as a frontrunner in India’s private defence sector. With the government’s policy push and rising global demand for reliable defence partners, the company appears set to play a pivotal role in shaping India’s strategic capabilities while delivering long-term value for shareholders.

Disclaimer: This blog is written for informational purposes only and should not be construed as investment advice. The securities mentioned are purely for illustrative purposes and do not constitute a recommendation. Readers should conduct their own research and consult a financial advisor before making investment decisions.

Investments in the securities market are subject to market risks; read all related documents carefully before investing.