Deals23 Oct 2025, 03:28 pm
Bharat Forge Emerges as L1 Bidder for Indian Army's 4,25,000 CQB Carbines
AI Summary
Bharat Forge Ltd. has been qualified as the L1 bidder for the supply of 60% of the total order for Indian Army's Close Quarters Battle Carbine requirement. The bid was submitted in March 2023 and the commercial bids were opened in July 2025. The contract finalization process is currently underway with the Ministry of Defence. The Company will inform the Stock Exchange(s) as and when the definitive agreement is signed.
Key Highlights
- Bharat Forge emerged as the L1 bidder for the supply of 60% of the total order for Indian Army's CQB Carbines
- The bid was submitted in March 2023 and the commercial bids were opened in July 2025
- The contract finalization process is currently underway with the Ministry of Defence