One of the largest allocations from this approval is expected to go to Bharat Dynamics, a manufacturer of both Light Weight Torpedoes and NAG Missile systems.
According to Elara Capital, the DAC has cleared the procurement of the Nag Missile System (Tracked) Mk-II (NAMIS) for the Indian Army. This could translate into orders worth nearly ₹2,000 crore for Bharat Dynamics, aimed at enhancing the Army’s capability to neutralise enemy combat vehicles, bunkers, and other field fortifications.Additionally, BDL could receive orders ranging from ₹500 crore to ₹1,000 crore for Advanced Light Weight Torpedoes, which are capable of targeting conventional, nuclear, and midget submarines.
Jyoti Gupta, Defence Analyst at Nirmal Bang, believes Bharat Dynamics’ September quarter numbers may exceed expectations. “I had anticipated around 33% revenue growth, but the actual numbers could be even higher. The company’s revenue booking has been very optimistic, and any new orders will likely reflect from the fourth quarter onwards,” Gupta said.
She added, “We should wait for the earnings call to understand any upside guidance the company may provide. Until then, the numbers are as reported.”
