Stocks In News - Bagging Order
- Bharat Forge has bagging order to supply Barak-8 MRSAM missiles' kits.
- Kalyani Rafael Advanced Systems Ltd, India (KRAS) a $100 million contract for manufacturing 1,000 BARAK-8 MRSAM missiles' kits which in turn would be supplied to BDL for further integration.
- KRAS is a 49:51 ratio joint venture between Rafael Advanced Systems and Kalyani Strategic Systems (KSSL), with the Indian partner holding 51%.
- KSSL is a 51% subsidiary of Bharat Forge Limited.
- KRAS is expected to ramp up its employee strength to 300 technical experts by the year 2023.
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