Paras Defence Helicopter

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Shares of Bharat Forge shot up nearly 3% on Monday after its unit won a large contract from India&#8217;s defence ministry.



What Happened: Kalyani Rafael Advanced Systems Private, a joint venture formed by Kalyani Strategic Systems and Israel&#8217;s Rafael Advanced Systems, has clinched a contract from the Indian Ministry of Defence. 



See Also: <a href="https://in.benzinga.com/content/34062807/challenges-continue-for-go-first-flight-cancellations-extended-to-august-31?utm_campaign=partner_feed&amp;utm_source=benzinga_india&amp;utm_medium=partner_feed&amp;utm_content=site" target="_blank" rel="noreferrer noopener">Challenges Continue For Go First: Flight Cancellations Extended To August 31</a>



The order, totaling ₹287.51 crore, has been awarded for the supply of missile systems and is slated to be fulfilled over the coming twelve months.



Price Action: Bharat Forge&#8217;s share price went up 2.29% to ₹1,046.10 in afternoon trade on Monday.



Read Next: <a href="https://in.benzinga.com/content/34062293/microsoft-ceo-has-only-praise-for-indias-new-data-bill?utm_campaign=partner_feed&amp;utm_source=benzinga_india&amp;utm_medium=partner_feed&amp;utm_content=site" target="_blank" rel="noreferrer noopener">Microsoft President Has Only Praise For India&#8217;s New Data Bill</a>

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The order, totaling ₹287.51 crore, has been awarded for the supply of missile systems and is slated to be fulfilled over the coming twelve months.

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