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EQUITY - MARKET SCREENER

Balu Forge Industries Ltd
Industry :  Castings & Forgings
BSE Code
ISIN Demat
Book Value()
531112
INE011E01029
95.4466852
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
BALUFORGE
47.83
7071.49
EPS(TTM)
Face Value()
Div & Yield %
12.97
10
0.02
 

colorchips varcas solutions ltd
L&T joins hands with General Atomics for making MALE RPAS in India
Oct 31,2025

The conglomerate and GA-ASI together will deliver the combat-proven Medium Altitude Long Endurance (MALE) Remotely Piloted Aircraft Systems (RPAS) platforms, manufactured entirely in India.

GA-ASI, a global leader in advanced unmanned aerial systems, brings decades of operational expertise, L&T brings extensive engineering, precision manufacturing and system integration capabilities in defence and aerospace.

Under this partnership, L&T will participate in the upcoming 87 MALE RPAS programme of the Ministry of Defence, where L&T will be the prime bidder and GA-ASI the technology partner.

The collaboration will enable the production of GA-ASI’s MQ-series RPAS that are combat proven. These are widely operational across the globe with millions of flight hours in surveillance and strike missions.

S N Subrahmanyan, chairman & managing director, L&T, said: “This partnership offers India a unique opportunity to manufacture state-of-the art unmanned platforms indigenously.

We are proud to join hands with GA-ASI, a recognised world leader in this domain, and are confident that this alliance will significantly enhance India’s defence capabilities and advance self-reliance in aerospace technologies.”

Larsen & Toubro is a Indian multinational engaged in EPC projects, hi-tech manufacturing, and services.

The company reported a 15.6% jump in consolidated net profit to Rs 3,926.09 crore on 10.4% increase in revenue from operations to Rs 67,983.53 crore in Q2 FY26 over Q2 FY25.

The scrip rose 0.91% to currently trade at Rs 4024.20 on the BSE.