Bharat Forge Stock Rises Following Major Small Arms Contract with Defence Ministry

Shares of Bharat Forge opened on a strong note on Wednesday, December 31, following the company’s announcement of its largest small arms contract with the Ministry of Defence for the supply of locally designed and developed CQB carbines, worth ₹1,661.9 crore.

The Ministry of Defence has entrusted Bharat Forge with a contract to supply 255,128 CQB carbines in the 5.56 x 45 mm caliber for the Indian Army.

This agreement was finalized on December 30, 2025, detailing the execution of the order over a five-year timeline.
The 5.56 x 45 mm CQB carbine is a compact firearm that has been indigenously designed, developed, and manufactured under the IDDM category. It was jointly developed by the Armament Research and Development Establishment of DRDO along with Bharat Forge in Pune.

Expressing their views on the contract, the company stated that it aligns with the Atmanirbhar Bharat mission. Bharat Forge and its fully owned defence subsidiary, Kalyani Strategic Systems Limited, are dedicated to equipping the Indian armed forces with advanced ‘Made in India’ defence equipment and platforms.

Shares of Bharat Forge closed Tuesday’s trading at ₹1,456.60, up 0.75%. The stock has appreciated by approximately 12% over the past year.