 "Defence ministry inks five military procurement deals worth Rs 39,125 crore")
The Ministry of Defence inked five military procurement deals worth Rs 39,125 crore in the presence of Defence Minister Rajnath Singh on Friday.
Of the five contracts, one was with the Hindustan Aeronautics Limited for procurement of aero-engines for MiG-29 aircraft, according to the ministry.
Two contracts were firmed up with Larsen & Toubro Limited for the procurement of close-in weapon system (CIWS) and high-power radar.
VIDEO | The Defence Ministry signs agreements with L&T, BEL and HAL for critical defence equipment in the presence of Defence minister Rajnath Singh (@rajnathsingh) in Delhi.
— Press Trust of India (@PTI_News) March 1, 2024
(Full video available on PTI Videos - https://t.co/n147TvqRQz) pic.twitter.com/JBRL8nXFMT
Arun Ramchandani, Executive Vice President, L&T Defence, said that the company inked two contracts for equipment to be supplied to the Indian Air Force.
“The two contracts include a high-power radar which will be deployed at the different locations by the (Indian) Air Force for identifying aerial targets at very long distances… In addition, we have also signed a contract for the close-in weapon system. The close-in weapon systems are used to protect vital assets of the country…,” said Ramchandani.
#WATCH | Delhi: The Executive Vice President of L&T Defence, Arun Ramchandani says, "These (contracts) are for equipment to be supplied to the Indian Air Force. The two contracts include a high-power radar which will be deployed at the different locations by the (Indian) Air… pic.twitter.com/xYVEEZcHZp
— ANI (@ANI) March 1, 2024
Impact Shorts
View AllTwo other deals were finalised with BrahMos Aerospace Private Limited for the procurement of BrahMos missiles.
“These deals will further strengthen indigenous capabilities, save foreign exchange and reduce dependency on foreign-origin equipment manufacturers in future,” the ministry said.
With inputs from agencies
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