Bharat Forge, a leading name in India’s defense manufacturing, is in negotiations with the Ministry of Defence for the prestigious Advanced Towed Artillery Gun System (ATAGS) project.
Negotiations are now ongoing following echnical evaluation and bidding, and are expected to end by fiscal year 25.
In the exchange filing, the company said, “In March 2023, the Ministry of Defence, Government of India, had accorded the Acceptance of Necessity (AoN) for procurement of the 155mm/52cal Advanced Towed Artillery Gun System (ATAGS) along with the Gun Towing Vehicles (GTVs) for the Indian Army. After completion of due technical evaluation process and commercial bids opening, the contract negotiation procedure between Bharat Forge Ltd and the Indian Ministry of Defence is currently underway.”
