Armenia buys 80 artillery guns from India
Z Business, India
India’s defence export push gets a fresh boost as Bharat Forge eyes another mega artillery deal with Armenia; stock near key support.
Defence manufacturer Bharat Forge is expected to receive a major order from Armenia for 80 units of ATAGS (Advanced Towed Artillery Gun Systems), estimated to be worth around Rs 2,000 crore, according to market chatter. This comes on the back of an earlier successful delivery of 12 ATAGS to Armenia, further strengthening India’s defence export narrative under the ‘Make in India’ push.
The deal, expected to be closed within the next 8–12 months, will be executed via its defence arm Kalyani Strategic Systems, a wholly-owned subsidiary of Bharat Forge. The group is a key contributor to India’s indigenous artillery capability in partnership with DRDO, with its ATAGS capable of striking targets up to 48 kilometres.
