Shares of Bharat Dynamics Ltd (BDL) soared over 8% on January 16, reaching an intraday high of \u20b91,227.9, after the company secured a significant \u20b92,960 crore contract from the Ministry of Defence.<\/p>\n\n\n\n
BDL said in an exchange filing that the contract is for the supply of Medium-Range Surface-to-Air Missiles (MRSAM) for the Indian Navy. The contract was inked in New Delhi in the presence of Defence Secretary Rajesh Kumar Singh.<\/p>\n\n\n\n
The Ministry of Defence highlighted the ‘Aatmanbhar Bharat’ initiative and said the missiles would be procured under the “Buy (Indian)” category with a high level of indigenous content. The contract is likely to create employment of approximately 3.5 lakh man-days across the defence sector, including contributions by various MSMEs.<\/p>\n\n\n\n
“This contract is a major boost to India’s defence self-reliance and military preparedness, with state-of-the-art indigenous technology,” the ministry said. In a related development, Bharat Dynamics said the Defence Ministry has approved the appointment of DV Srinivas as Director (Technical) on the board of the company. Srinivas joined on September 20, 2024.<\/p>\n\n\n\n
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":" Shares of Bharat Dynamics Ltd (BDL) soared over 8% on January 16, reaching an intraday high of \u20b91,227.9, after the company secured a significant \u20b92,960 crore contract from the Ministry of Defence. BDL said in an exchange filing that the contract is for the supply of Medium-Range Surface-to-Air Missiles (MRSAM) for the Indian Navy. The […]<\/p>\n","protected":false},"author":1,"featured_media":5911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[918],"class_list":["post-5910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-bharat-dynamics"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5910"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5910\/revisions"}],"predecessor-version":[{"id":5912,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5910\/revisions\/5912"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5911"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Source: Moneycontrol<\/a><\/sup><\/sub><\/p>\n\n\n\n