10 Jun 2026
Bharat Forge told CNBC-TV18 its defence business now draws 40 percent of revenue from exports, with management citing strong demand from India and the United States.
The defence order book stands near 10,000 crore rupees, targeted at 12,000 to 14,000 crore by FY26-end, built on its December 2025 carbine order, its largest ever.

Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630. Stock notes are market commentary for general information and education. They are not investment advice, not a recommendation to buy or sell, and do not account for any individual's financial situation. Investment in securities is subject to market risks. Please read all related documents carefully before investing. Past performance is not a guarantee of future results.