Bharat Forge Secures ₹1,662 Crore Defence CQB Contract from Ministry

The Defence Ministry is set to finalize a Close Quarter Battle (CQB) contract worth approximately ₹1,662.00 crores with Bharat Forge , marking a significant milestone in the company's defence sector engagement.

Contract Details

The substantial defence contract represents one of the major deals secured by Bharat Forge in the defence manufacturing space. The agreement highlights the company's growing capabilities in specialized military equipment and tactical solutions.

Parameter:	Details
Contract Value:	₹1,662.00 crores
Contract Type:	Close Quarter Battle (CQB)
Contracting Authority:	Defence Ministry
Status:	Finalization in progress

Strategic Significance

This CQB contract aligns with India's focus on strengthening domestic defence manufacturing capabilities under the Make in India initiative. Bharat Forge's involvement demonstrates the company's successful diversification from its traditional automotive and engineering components business into the defence sector.

Company Profile

Bharat Forge operates primarily in the castings, forgings, and fasteners sector, with established capabilities in precision engineering and manufacturing. The company has been strategically expanding its portfolio to include defence-related products and services, positioning itself as a key player in India's defence manufacturing ecosystem.

Industry Impact

The finalization of this substantial contract reflects the government's commitment to building indigenous defence capabilities. Such agreements typically involve comprehensive evaluation processes and strict compliance with defence procurement guidelines, indicating Bharat Forge's technical competence and manufacturing standards meet stringent defence requirements.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.62%	-0.11%	+1.45%	+11.06%	+11.69%	+177.89%

Bharat Forge has categorically denied involvement in any recent meetings in Russia, clarifying that no company representative has visited the country since 2021. The engineering and automotive components manufacturer issued this statement to address speculation surrounding potential business activities in Russia.

Company's Official Position

The company has taken a clear stance on the matter, emphasizing that it has maintained no business presence or engagement in Russia over the past few years. This clarification appears to be in response to reports or speculation about corporate meetings or business activities involving the company in Russian territory.

Timeline and Context

According to the company's statement, the last visit by any Bharat Forge representative to Russia occurred in 2021. Since then, the company maintains it has had no involvement in meetings or business activities in the country. This timeline is significant given the evolving geopolitical landscape and increased scrutiny of international business relationships.

Industry Implications

The clarification comes at a time when companies across various sectors are facing questions about their international operations and business relationships. Bharat Forge's proactive approach in addressing these concerns demonstrates the company's commitment to transparency regarding its global business activities.

Corporate Transparency

By issuing this clarification, Bharat Forge has sought to maintain transparency with stakeholders and address any concerns about potential involvement in activities that could attract regulatory or public scrutiny. The company's clear denial and specific timeline reference suggest a deliberate effort to set the record straight on its Russian connections.