Bharat Dynamics signs defence contract worth Rs 1,188 cr to manufacture MILAN 2T anti-tank missiles – India News , Firstpost


The Union Defence Ministry said that the contract was in line with the Centre’s Atmanirbhar Bharat initiative in the defence sector

File photo of Rajnath Singh. Twitter/@rajnathsingh

Hyderabad: Defence PSU Bharat Dynamics Limited (BDL) on Friday signed a contract worth Rs 1,188 crore, including GST, with the Ministry of Defence to manufacture and supply MILAN 2T anti-tank guided missiles.

The contract was signed by Dipti Mohil Chawla, Joint Secretary (AM & LS), on behalf of the Ministry of Defence and Acquisition Wing, and Commodore TN Kaul (retd), Executive Director (marketing), BDL, a defence press release said.

CMD of BDL Commodore Siddharth Mishra (retd) said the receipt of this order has given a boost to the existing order book of the company.

The current order book position of the company with the current order received is over Rs 9,000 crore, the release said.

In line with the Centre’s initiative for creation of ‘Atmanirbhar Bharat’ in the defence sector, many items have been exclusively earmarked for the Indian industry and a negative list of imports has been released by the Ministry of Defence, it said.

BDL’s products — short range surface-to-air missile and Astra air-to-air weapon system — are covered under this list and some more products of the company are expected to be brought into the subsequent list being released by the Ministry of Defence, it said.

BDL is also working on export of weapon system to friendly foreign countries.

The company has a well-established infrastructure and expertise to execute these orders and meet the customer delivery schedule, the release said.

Subscribe to Moneycontrol Pro at ₹499 for the first year. Use code PRO499. Limited period offer. *T&C apply



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Releated

CIC to CBSE: Consider making class XII toppers’ details public

The Central Information Commission (CIC) has asked the Central Board of Secondary Education (CBSE) to explore the possibility of placing information about toppers of class XII examinations in the public domain. It has said that the larger public interest of the students and parents’ community warrants disclosure of at least the highest marks scored and […]

CBI Files Chargesheet Against Own Officers In Bribe-For-Relief Case

The CBI has a zero tolerance policy towards corruption, an official said New Delhi: The Central Bureau of Investigation (CBI) Friday filed a charge sheet against four of its officials in a bribe-for-relief case involving the investigation against Frost International for allegedly committing a bank fraud of over Rs 4,300 crore, officials said. The agency […]

%d bloggers like this: