Shares of Bharat Forge Ltd rose 1% to hit a day’s high of Rs 1,490.90 on 31st December. This came after the company announced that it had signed its largest-ever small arms contract with the Ministry of Defence. The contract is valued at Rs 1,661.9 crore for the supply of indigenously designed and developed CQB carbines.

The Ministry of Defence has awarded Bharat Forge a contract to supply 2,55,128 CQB carbines of the 5.56 x 45 mm calibre for the Indian Army. The agreement was signed on 30th December, 2025. Execution is scheduled over five years.

The CQB carbine is a compact firearm indigenously designed, developed, and manufactured under the IDDM category. It was jointly developed by DRDO’s Armament Research and Development Establishment and Bharat Forge in Pune.

The company said the contract supports the Atmanirbhar Bharat mission. Bharat Forge reiterated that it, along with its wholly owned defence arm Kalyani Strategic Systems, remains focused on supplying advanced ‘Made in India’ defence equipment to the Indian armed forces.

At 11:31 AM, shares of Bharat Forge were trading 0.75% higher at Rs 1,465.50 on NSE.

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