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The MoU will allow the three companies to jointly participate in ADA’s Expression of Interest (EoI) process for the indigenous fighter programme.
Fully designed in India, the AMCA is envisioned as a stealth aircraft with super-cruise capability, advanced avionics, internal weapons bays and electronic warfare systems, placing it in the category of next-generation combat platforms.
The alliance marks a significant private-public collaboration, with engineering major Bharat Forge, defence PSU BEML and avionics specialist Data Patterns pooling their expertise to support one of India’s most ambitious defence projects.
The move also aligns closely with the government’s Atmanirbhar Bharat vision, which aims to strengthen indigenous manufacturing and reduce dependence on imports for critical defence hardware.
Shares of BEML slipped 3.46%, Data Patterns (India) dropped 3.61%, while Bharat Forge declined 2.18% on Friday, 26 September 2025.
Bharat Forge Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1192.3, down 1.24% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.54% on the day, quoting at 24755.4. The Sensex is at 80723.46, down 0.54%.Bharat Forge Ltd has gained around 6.02% in last one month.Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has increased around 5.61% in last one month and is currently quoting at 26758.5, down 0.6% on the day. The volume in the stock stood at 5.22 lakh shares today, compared to the daily average of 10.93 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 1192.2, down 1.34% on the day. Bharat Forge Ltd tumbled 21.69% in last one year as compared to a 5.44% slide in NIFTY and a 3.67% fall in the Nifty Auto index.
The PE of the stock is 41.3 based on TTM earnings ending June 25.