Bharat Dynamics Limited (BDL)

BDL is India's DPSU guided-missile prime, headquartered in Hyderabad with manufacturing units at Kanchanbagh, Bhanur (Medak), and Vishakhapatnam. Product portfolio spans the Akash SAM, Astra BVRAAM, M

defenceindia-oemOperationalTier A
Country: IN

Last verified:

At a Glance

Headquarters
Hyderabad, Telangana, India (Kanchanbagh)
Type
Company (listed)
Founded
1970 (to manufacture guided missiles for Indian Armed Forces)
India entity
null
Listed
NSE: BDL | BSE: 541143 (IPO March 2018); Government of India majority-owned
Key India role
BDL is India's DPSU guided-missile prime, headquartered in Hyderabad with manufacturing units at Kanchanbagh, Bhanur (Medak), and Vishakhapatnam. Product portfolio spans the Akash SAM, Astra BVRAAM, M
indicators
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key specs
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What It Is

BDL is India's DPSU guided-missile prime, headquartered in Hyderabad with manufacturing units at Kanchanbagh, Bhanur (Medak), and Vishakhapatnam. Product portfolio spans the Akash SAM, Astra BVRAAM, MRSAM (co-production with IAI), Konkurs-M ATGM, Milan-2T ATGM, Invar, and the indigenously developed sprint drone-fired missile. BDL is the production agency for the Astra Mk-1 BVRAAM (2022 contract $382.96M/₹2,971 Cr; IAF approved 200 additional missiles Aug 2024) with Astra Mk-2 production contract (~₹3,000 Cr) cleared Dec 2024. BDL signed a Feb 2025 agreement with the Raytheon-Lockheed Javelin JV for ATGM co-production in India, and a Feb 2025 Thales agreement for initial supply of STARStreak MANPADS (first India-made Starstreak deliveries same year). BDL has graduated from missile manufacturer to weapon-system integrator.

Sources: [1][2][3][4][5]

Deployments & Procurement

3 documented India deployment(s)/procurement(s).

AgencyContextYearQuantity / NoteSources
Indian Air ForceAstra Mk-1 BVRAAM production — $382.96M (₹2,971 Cr) contract Jun 20222022Astra Mk-1 production lot[1][2][3]
Indian Air Force200 additional Astra Mk-1 missiles approved; Astra Mk-2 production cleared ~₹3,000 Cr (Dec 2024)2024200 (Astra Mk-1); plus Astra Mk-2 production lot[1][2][3]
Indian Armed Forces (with Thales)STARStreak MANPADS initial supply agreementFeb 2025Initial lot of HVM missiles + launchers (first India-made)[1][2][3]

Import Dependencies

Not analysed in this dossier.

Intelligence Assessment

Methodology: /research/methodology/

India footprint
Documented/5

10 sources with India-specific evidence.

Sources: [1][2][3][4]

Indigenous content
Not disclosed/5

Indigenous percentage not publicly verified.

Sources: [1][2][3]

Operational status
Operational/5

Based on latest public sources as of 2026-08-30.

Sources: [1][2][3]

Source quality
High/5

4 official, 5 credible sources.

Sources: [1][2][3]

FAQ

When was BDL founded and where is it headquartered?

See the dossier sources above for details.

Sources: [1][2][3]

What is BDL's stock ticker on NSE?

See the dossier sources above for details.

Sources: [1][2][3]

Which missile did BDL contract with Thales to manufacture in India in Feb 2025?

BDL is India's DPSU guided-missile prime, headquartered in Hyderabad with manufacturing units at Kanchanbagh, Bhanur (Medak), and Vishakhapatnam.

Sources: [1][2][3]

What is the value of BDL's Astra Mk-1 production contract with the IAF?

BDL is the production agency for the Astra Mk-1 BVRAAM (2022 contract $382.96M/₹2,971 Cr; IAF approved 200 additional missiles Aug 2024) with Astra Mk-2 production contract (~₹3,000 Cr) cleared Dec 2024.

Sources: [1][2][3]

Does BDL manufacture the Konkurs and Milan ATGMs under licence?

Product portfolio spans the Akash SAM, Astra BVRAAM, MRSAM (co-production with IAI), Konkurs-M ATGM, Milan-2T ATGM, Invar, and the indigenously developed sprint drone-fired missile.

Sources: [1][2][3]

Which Indian JV did BDL sign with for Javelin ATGM co-production?

BDL signed a Feb 2025 agreement with the Raytheon-Lockheed Javelin JV for ATGM co-production in India, and a Feb 2025 Thales agreement for initial supply of STARStreak MANPADS (first India-made Starstreak deliveries same year).

Sources: [1][2][3]

Open Questions

  • Import-dependency table not published on the listing; component-level analysis pending.
  • Re-verify “status” against primary Indian sources (MoD/PIB/DRDO/OEM) next cycle.

Sources

  1. src-01Indicative
    https://bdl-india.in
    BDL Official·accessed 2026-08-30

    Domain root only; demoted to indicative per Atlas source-quality rule.

  2. src-02Official
    https://bdl-india.in/company-profile
    BDL·accessed 2026-08-30
  3. src-03Official
    https://bdl-india.in/products
    BDL·accessed 2026-08-30
  4. src-04Official
    https://bdl-india.in/astra
    BDL·accessed 2026-08-30
  5. src-05Credible
    https://en.wikipedia.org/wiki/Bharat_Dynamics_Limited
    Wikipedia·accessed 2026-08-30
  6. src-06Credible
    https://www.airforce-technology.com/news/indian-mod-contract-bdl-astra
    Airforce Technology·Jun 1, 2022·accessed 2026-08-30
  7. src-07Credible
    https://www.janes.com/defence-intelligence-insights/defence-news/industry/indian-air-force-approves-additional-astra-mk-1-production
    Janes·Aug 8, 2024·accessed 2026-08-30
  8. src-08Official
    https://www.thalesgroup.com/en/news-centre/press-releases/thales-and-bharat-dynamics-ltd-agree-initial-supply-man-portable-air
    Thales Group·Feb 11, 2025·accessed 2026-08-30
  9. src-09Credible
    https://www.nti.org/education-center/facilities/bharat-dynamics-limited
    NTI·accessed 2026-08-30
  10. src-10Credible
    https://infra.economictimes.indiatimes.com/news/aviation/state-owned-bharat-dynamics-ties-up-with-start-ups-for-drone-delivered-missiles-bombs/91987567
    ET Infra·Jun 3, 2022·accessed 2026-08-30
  11. src-atlas-listingIndicative
    Bharat Dynamics Limited (BDL) — Defence Atlas listing
    Techadyant Labs — Atlas register (own register)·accessed 2026-09-27

    Own register: indicative only, never official per standing evidence rules. All listing-derived figures in this dossier are attributed to this source.

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