Bharat Forge Wins Rs 16.62 Billion MoD Small Arms Order

05 Jan 2026 CW Team

Bharat Forge Limited has signed its largest-ever small arms contract with the Ministry of Defence for the supply of indigenously designed and developed close-quarter battle carbines. The contract, valued at Rs 16.62 billion, was awarded on December 30, 2025.

The order covers the supply of 425,258 CQB carbines of 5.56 × 45 mm calibre to the Indian Armed Forces. The weapon system has been indigenously designed, developed and manufactured under the Indigenisation (IDDM) category and represents a major milestone in India’s defence manufacturing ecosystem.

The compact firearm has been developed by the Armament Research & Development Establishment under the Defence Research and Development Organisation, with production undertaken by Bharat Forge and its wholly owned defence subsidiary, Kalyani Strategic Systems Limited. The programme aligns with the Atmanirbhar Bharat mission, reinforcing India’s push towards self-reliance in defence equipment and platforms.

The Ministry of Defence said the contract reflects continued confidence in domestically developed weapon systems and strengthens the operational capabilities of the Indian Armed Forces through “Made in India” solutions.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..