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The missiles and launchers will be manufactured under continued technical collaboration with Russia at the Bhanur unit of Bharat Dynamics in Telangana state, the company said in a statement.
At 03:09 pm, Bharat Dynamics was trading 6% higher at Rs 294 on the NSE, as compared to a 0.29% rise in the Nifty50 index. The trading volumes on the counter jumped more than three-fold with a combined 101,353 equity shares changed hands on the BSE and NSE so far.
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