New Delhi, March 26 -- Bharat Dynamics share price increased by 3% on Wednesday following the Miniratna defense PSU securing a contract valued at Rs.4,362.23 crore for supplying armaments to the Indian Armed Forces from the Ministry of Defence. The company has not provided any additional information regarding the order due to national security considerations.

"We wish to inform that today BDL has signed a contract worth Rs.4,362.23 Crore with Ministry of Defence for supply of armaments to Indian Armed forces," said the company in an exchange filing.

In January, the Defence Ministry announced that it had finalized an agreement with a state-owned company to purchase medium-range surface-to-air missiles (MRSAM) for the Indian Navy at a pri...