Source : IgMp Bureau
Bharat Forge Kalyani group confirms Export of 155mm MArG SPH and ATAGS to Armenia
Bharat Forge has confirmed that it has achieved record export sales of defense equipment in the first quarter of the current financial year that includes the 155 millimeters by 39 caliber MArG (Mounted Artillery Gun) self-propelled as well as the 155 millimeters ATAGS howitzers to Armenia and it has completed the delivery of first half of the order.
Speaking of the defence vertical, Chairman of the Bharat Forge Kalyani group, Shri Baba Kalyani said 80 percent of the defence business is exports and that the company is seeing huge demand from different countries for their products.
On the domestic side of the business, Kalyani added that there is a huge pipeline of products. “We are very confident that our defense vertical will show stellar results every quarter.”Speaking about the domestic orders and timeline, Mr. Baba Kalyani said that discussions are going on for 307 artillery guns and mounted guns and rough timeline would be another year for getting the order worth anywhere between Rs 5,000 crore.
“(We) expect orders for artillery guns from December, and mounted guns after another quarter,” Mr. Baba Kalyani said said.
He also said that the Indian government, Ministry of Defense, External affairs ministry have always been helpful and gave encouragement towards them to improve Indian Private Defence manufacturing which is a very positive thing for Indian Defence Industry. Bharat Forge Kalyani group confirms Export of 155mm MArG SPH and ATAGS to Armenia Bharat Forge Kalyani group confirms Export of 155mm MArG SPH and ATAGS to Armenia Bharat Forge Kalyani group confirms Export of 155mm MArG SPH and ATAGS to Armenia IgMp