Deals19 Nov 2024, 08:01 pm
Bharat Forge in Contract Negotiations for 155mm/52cal ATAGS with Indian Ministry of Defence
AI Summary
Bharat Forge Limited is currently in contract negotiation process with the Indian Ministry of Defence for the procurement of 155mm/52cal Advanced Towed Artillery Gun System (ATAGS) along with Gun Towing Vehicles (GTVs) for the Indian Army. The Ministry of Defence had accorded the Acceptance of Necessity (AoN) for this procurement in March 2023. The contract negotiation procedure is expected to conclude before the end of the current financial year 2024-25.
Key Highlights
- Bharat Forge participating in contract negotiation for 155mm/52cal ATAGS with Indian Ministry of Defence.
- Ministry of Defence had accorded AoN for procurement of ATAGS and GTVs for Indian Army in March 2023.
- Contract negotiation procedure between Bharat Forge and Indian Ministry of Defence is currently underway.
- Contract negotiation procedure expected to conclude before the end of financial year 2024-25.
- Bharat Forge is a technology driven global leader in providing high performance, innovative safety critical components and solutions for various sectors.