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Bharat Dynamics up 7% post Rs 2,971 crore deal with Defence Ministry

The company has signed a contract worth Rs 2,971 crore with Ministry of Defence for supply of Astra Mark-I BVRAAMs and associate equipments to Indian Air Force and Indian Navy.

Astra Mark-1
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The Astra BVRAAM involves radically different technology challenges compared to ballistic and tactical missiles

SI Reporter Mumbai
Shares of Bharat Dynamics (BDL) surged 7 per cent to Rs 840.80 on the BSE in Wednesday’s trade, after the company signed a contract worth Rs 2,971 crore with Ministry of Defence, for supply of Astra Mark-I beyond visual range air to air missile (BVRAAMs) and associate equipments to Indian Air Force and Indian Navy.

Earlier, the stock of state-owned aerospace and defence company had hit a record high of Rs 904.95 on April 19, 2022. In the past three months, BDL has outperformed market by zooming 87 per cent, as compared to 1 per cent decline in the