Home Business MoD signs Rs.2,580-cr worth contracts with Indian firms

MoD signs Rs.2,580-cr worth contracts with Indian firms

by BQ News Bureau
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To boost Make in India initiative, Acquisition Wing of Ministry of Defence (MoD) has signed contracts with three companies – Bharat Earth Movers Limited, Tata Power Company Limited and Larsen and Toubro –  for the supply of six Pinaka Regiments to the Regiment of Artillery of the Indian Army at a cost of Rs.2,580 crore.

These six Pinaka Regiments comprise 114 launchers with automated gun aiming and positioning system and 45 command posts to be procured from TPCL and L&T and 330 vehicles to be procured from BEML. These six Pinaka Regiments will be operationalised along the northern and eastern borders, further enhancing the operational preparedness of the Armed Forces. Induction of six Pinaka Regiments is planned to be completed by 2024.

The Pinaka Multiple Launch Rocket System (MLRS), indigenously designed and developed by DRDO, will be produced by these industries.

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