Bharat Forge touched a day’s high of Rs 2,215 on the NSE on Wednesday, after signing an airship deal with Flying Whales.

The deal was signed at the Farnborough International Airshow, held in the UK this week.

Under the pact, Bharat Forge’s aerospace arm and FLYING WHALES will work together to manufacture and integrate these airships in India, aimed mainly at defence use.

At the centre of this partnership is a platform called the LCA60T. This airship can carry up to 60 tonnes of cargo, take off and land vertically, and runs on hybrid electric propulsion.

It also needs very little ground infrastructure to operate, which means it could work in remote or difficult terrain where regular aircraft cannot.

The companies said possible uses include supplying forward military bases, moving oversized equipment, surveillance missions, communication support, and disaster relief work in hard to reach border areas.

Amit Kalyani, Vice Chairman and Joint Managing Director of Bharat Forge, said the partnership would help build ‘sovereign capabilities’ in a strategically important segment.

Tanguy Lestienne, Chief Executive of FLYING WHALES Services, added that the plan is to build these airships in India for both domestic and global markets. This isn’t Bharat Forge’s first defence win this year.

The company already holds a domestic defence order book worth Rs 10,961 crore as of FY26, and last month bagged a Rs 425 crore contract from the Ministry of Defence for marine gas turbine generators for the Navy.

For the full year FY26, Bharat Forge posted consolidated revenue of Rs 16,811.65 crore, up 11.17% from the previous year, while net profit rose 14.72% to Rs 1,079.66 crore.

As of 14:35 pm on 22 July, the stock was trading at Rs 2,191.40 on the NSE, down 0.47% from the previous close of Rs 2,201.80.

The stock remains close to its 52-week high of Rs 2,238, touched last month, and well above its 52-week low of Rs 1,100.50 hit last August.

The future of investing is here! Tradz by EquityPandit leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!