Bharat Dynamics has signed a ₹2,960 crore contract with the Ministry of Defense to supply MRSAM (Medium-Range Surface-to-Air Missiles) for the Indian Navy. This contract strengthens the company’s position in the defense sector and supports India’s defense modernization efforts.
Bharat Dynamics Share Price Movement:
On January 16, 2025, Bharat Dynamics Ltd’s shares opened at ₹1,151.75, 1.59% higher than the previous close of ₹1,133.65. The shares reached a high of ₹1,227.90 (8.32%) and a low of ₹1,141.70.
The company’s market capitalization stood at ₹44,027.82 crore.
BDL Secures ₹2960 Crore MRSAM Order
Bharat Dynamics Limited (BDL) has signed a significant ₹2,960 crore contract with the Ministry of Defense to supply MRSAMs for the Indian Navy. This order strengthens BDL’s position in the defense sector.
Announced under SEBI (LODR) regulations, this contract is a major achievement for BDL, showcasing its expertise in advanced missile technology. The supply of MRSAM missiles will enhance the Indian Navy’s defense systems and align with India’s defense modernization goals.
Bharat Dynamics Recent News: On November 14, 2024, Bharat Dynamics Limited signed an MOU with the Russian defense agency Rosoboronexport to collaborate on Pantsir missile system self-propelled anti-aircraft gun and missile systems to meet the Indian Army’s air defense requirements.
Boosting #AatmanirbharDefence
— Defence Production India (@DefProdnIndia) January 16, 2025
🔸Ministry of Defence (#MoD) has signed a contract with Bharat Dynamics Limited (#BDL) for the supply of Medium-Range Surface-to-Air Missiles (#MRSAM) for the #IndianNavy at a cost of approximately Rs 2,960 crore.
🔸The contract was inked by the… pic.twitter.com/lURQrOITvy
Bharat Dynamics Share Performance:
Over the past week, the share price has dropped by 5.76%. Over six months, it has seen a significant decline of 22.7%, while over the past year, it has recorded a positive return of 29.5%, indicating long-term growth.
Bharat Dynamics Shareholding Pattern:
| Shareholding Type | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 74.90% | 74.90% | 74.90% |
| FII | 3.10% | 2.90% | 3% |
| DII | 8.70% | 8.50% | 9.50% |
| Public | 13.30% | 14% | 13% |
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About Bharat Dynamics
Bharat Dynamics Limited (NSE: BDL) was established in 1970. This is a leading defense PSU that manufactures Surface to Air Missiles, Anti-Tank Guided Missiles, torpedoes, and launchers. Headquartered in Hyderabad, it provides crucial defense systems to the Indian Armed Forces.