Bharat Forge up 1.7% as Vikram VT 21 armoured platform nears deployment

Synopsis: Bharat Forge Limited has achieved a major milestone in its defense vertical by flagging off the Vikram VT 21 advanced armoured platforms. Developed alongside the DRDO in record time, the project positions the company as a key player in the global export market for infantry combat vehicles. The stock is currently trading in the green as investors react to this strategic development.

In a significant update to the stock exchanges on April 27, 2026, Bharat Forge Limited announced the successful flag-off of the Vikram VT 21 project. This project involves the development of two cutting-edge platforms, including the Advanced Armoured Platform-Wheeled and the Advanced Armoured Platform-Tracked. 

Co-created with the DRDO and supported by industry partners like TASL, the Vikram platforms moved from the initial concept phase to a combat-ready state in under three years. This rapid turnaround is a testament to the Development Cum Production Partner model, which combines the research expertise of the DRDO with Bharat Forge’s manufacturing scale to leapfrog traditional platform design timelines.

The Vikram VT 21 has already cleared the Technical Evaluation Committee for the Ministry of Defence’s futuristic vehicle programs, making it a prime candidate for the Indian Armed Forces’ upcoming requirements.

The equity markets have responded positively to this breakthrough, with Bharat Forge shares trading at Rs. 1,877.20, marking a high of 1.68% today. The stock is exhibiting strong momentum near its 52-week high of Rs. 1,935.50, supported by a staggering 72.28% absolute return over the past year. 

Despite a high P/E ratio of 77.19, the market capitalization of Rs. 89,617 crore reflects investor confidence in the company’s defense order book and its role in the “Atmanirbhar Bharat” narrative.

Company Overview

Bharat Forge Limited is a Pune-based Indian multinational and a global leader in providing high-performance, safety-critical components across sectors including automotive, power, aerospace, and defense. With a manufacturing footprint spanning five countries, the company leverages its immense metallurgical knowledge to offer full-service supply capabilities from design to validation. Its subsidiary, Kalyani Strategic Systems Limited, serves as the flagship for its defense initiatives, driving innovation in artillery, armoured vehicles, and strategic combat systems.

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