Balu Forge shares jump 4.48% on defence contract

Balu Forge Industries shares jumped 4.48 per cent to ₹515.85 after the company commercialised 155mm ERFB BB and ERFB BT shells and received its first purchase order from an Indian ammunition player. The pilot supply includes 10,000 units, followed by monthly supplies. The company is also expanding defence manufacturing and holds NATO certification for select ammunition products.

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