Bharat Forge & defence ministry start contract negotiations for ATAGS. The journey so far
New Delhi: Kalyani Group’s Bharat Forge has entered into contract negotiations with the defence ministry which plans to procure 307 indigenous Advanced Towed Artillery Gun Systems (ATAGS) from the company.
“After completion of the due technical evaluation process and commercial bids opening, the contract negotiation procedure between Bharat Forge Ltd and the Indian Ministry of Defence is currently underway,” the company informed the stock exchange Tuesday.
Defence sources said that while the 155mm/52 calibre ATAGS was developed by the Defence Research and Development Organisation (DRDO) in collaboration with Bharat Forge and the TATA group, Bharat Forge emerged as the lowest bidder after bids were opened at the end of October.
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Sources said th...