Bharat Forge Limited is expected to remain in focus after securing a ₹425 crore contract from the Ministry of Defence for the supply of Gas Turbine Generators (GTGs) to the Indian Navy.
The order marks Bharat Forge’s entry into the marine gas turbine segment and represents a significant milestone in the company’s expanding defence manufacturing portfolio.
Ministry of Defence Awards ₹425 Crore Contract
On June 19, 2026, Bharat Forge signed a contract with the Ministry of Defence under the Buy (Indian) category of the Defence Acquisition Procedure (DAP) 2020.
Key highlights:
- Order Value: ₹425 crore
- Customer: Ministry of Defence
- End User: Indian Navy
- Product: 1.25 MW Gas Turbine Generators (GTGs)
- Execution Timeline: 5 years
The GTGs will replace the existing lower-capacity generator systems onboard the Kolkata-class destroyers of the Indian Navy.
Entry into Marine Gas Turbine Manufacturing
The contract marks Bharat Forge’s first project in the marine gas turbine business.
As part of the programme, the company will:
- Deliver the first indigenous gas turbine-based power plant for Indian Naval ships.
- Establish a dedicated Gas Turbine Generator Integration and Test Facility.
- Participate in the design and development of higher-capacity marine power plants and propulsion gas turbines.
Boost to Indigenous Defence Manufacturing
The project aligns with the Government of India’s Atmanirbhar Bharat initiative by promoting domestic defence manufacturing.
According to the company, the programme will help:
- Increase indigenous defence capabilities.
- Reduce dependence on imported marine power systems.
- Enable complete local maintenance, repair and overhaul (MRO) capabilities for gas turbines and GTGs.
About Bharat Forge
Bharat Forge Limited is a Pune-based multinational engineering company that manufactures high-performance and safety-critical components across several industries, including:
- Automotive
- Defence
- Aerospace
- Marine
- Railways
- Oil & Gas
- Power
- Construction & Mining
The company operates manufacturing facilities across five countries and offers end-to-end capabilities spanning design, engineering, manufacturing, testing, and validation.
Share Price Performance
As of June 19, 2026, Bharat Forge shares closed on the NSE at:
- Closing Price: ₹2,041.40
- Change: +1.06% from the previous close
The stock is likely to remain in focus as investors assess the long-term impact of the defence order and the company’s expansion into marine gas turbine systems.
Conclusion
Bharat Forge has secured a ₹425 crore contract from the Ministry of Defence to supply 1.25 MW Gas Turbine Generators to the Indian Navy over the next five years. The order marks the company’s entry into the marine gas turbine segment while strengthening India’s indigenous defence manufacturing capabilities through local production, testing, and future technology development.
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