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MoD signs Rs.2,580 crore contracts

Fiinews by Fiinews
August 31, 2020
in Manufacturing
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DRDo’s indigenously designed MLRS

The Ministry of Defence (MoD) has signed Rs.2,580 crore contracts with Indian companies for supply of Pinaka Regiments to Indian Army. These multiple rocket launchers are developed by the Defence Research and Development Organization.

The Ministry’s Acquisition Wing signed the contracts with Bharat Earth Movers Ltd (BEML), Tata Power Company Ltd (TPCL) and Larsen & Toubro (L&T) for the supply of Six Pinaka Regiments to the Regiment of Artillery of the Indian Army at an approximate cost of Rs.2,580 crores, said MoD on 31 Aug 2020.

These Six Pinaka Regiments comprise 114 Launchers with Automated Gun Aiming & Positioning System (AGAPS) and 45 Command Posts to be procured from TPCL and L&T and 330 Vehicles to be procured from BEML.

Induction of Six Pinaka Regiments is planned to be completed by 2024.

The DRDO’s indigenously designed Pinaka Multiple Launch Rocket Systems (MLRS) are being produced by BEML, TPCL and L&T in the defence industry sector.

This is a flagship project showcasing public-private partnership under the aegis of the Indian Government (DRDO & MoD) enabling “Aatmnirbharta” in cutting edge Defence technologies, said MoD. #acquisition #makeinIndia #procurements #defence #manufacturing /fiinews.com

Tags: Ministry of Defence
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