Gandhinagar: Defence Public Sector Undertaking (DPSU) Bharat Dynamics Limited (BDL) received a major boost at the DefExpo 2022 here as it launched three new products and inked several MOUs thereby giving a massive boost to indigenous defence industry in keeping with the government policy of “Atmanirbhar Bharat,” in the defence sector.
A BDL release said it has launched “Anti – Tank Guided Missile for MBT ARJUN ”,the “Sangramika”, a Light Weight Vehicle Mounted Anti -Tank Guided Weapon System and the “Sanharika”, an Armoured Vehicle mounted Laser Guided Short Range Anti-Aircraft Weapon System during the Bandhan Ceremony at DefExpo -2022.
Bharat Dynamics Limited Chairman and Managing Director, Commodore Siddharth Mishra (Retd) handed over the first model of the new products to Defence Minister Rajnath Singh at a ceremony in the presence of senior company officials including Radhakrishna, Director (Production), N Srinivasulu, Director (Finance) and Commodore A Madhava Rao (Retd), Executive Director (Marketing).
Cmde Siddharth Mishra (Retd) said that BDL is constantly striving to offer new products and new product variants to the Indian Armed Forces in order to mitigate product dependency on foreign countries. The products meet international standards in terms of quality and performance which qualify them to be of world-class.
BDL and Dassault Aviation have entered into an MoU for Integration of BDL Weapon Systems like Astra and Smart Anti-Airfield Weapon on Rafale Aircraft for Indian Armed Forces and future export market. Further, BDL and IIT, Ropar have entered into MoU to work on joint research projects and technology development for all missiles and underwater weapons. In addition to above, BDL has also signed MoU with other organizations which include Ashok Leyland Defence Systems, Mahindra Defence Systems, NewSpace Technologies.
BDL which is under the Ministry of Defence, Government of India manufactures base for guided missile systems and allied equipment for the Indian Armed Forces. As on September 2022, the Government held 74.93% stake in the company.
Bharat Dynamics reported net profit of Rs 39.86 crore in Q1 June 2022 as against net loss of Rs 20.95 crore in Q1 June 2021. Net sales surged 473.09% to Rs 686.51 crore in Q1 June 2022 as against Rs 119.79 crore in Q1 June 2021.