Wednesday, November 12, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

DAC Approves Capital Acquisition

Fiinews by Fiinews
April 28, 2018
in Banking & Finance, Contract, Imports, Investment, Manufacturing, Technology
Reading Time: 1 min read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

BAE Systems’ guns in Rs.3,687 crore acquisition

The Defence Acquisition Council (DAC), chaired by the Defence Minister Nirmala Sitharaman, approved Capital Acquisition Proposals of the Services valued at over Rs.3,687 crore.

In a boost to indigenisation and in realisation of India’s growing technological prowess, the DAC approved procurement of Defence Research and Development Organisation’s (DRDO’s) designed and developed NAG Missile System (NAMIS) at the cost of Rs.524 crore.

The system includes a third generation Anti-Tank Guided Missile, the NAG, along with the Missile Carrier Vehicle (NAMICA).

The NAG missile is a third generation anti-tank guided missile, which has top attack capabilities that can effectively engage and destroy all known enemy tanks during day and night.

This will give a quantum boost to the Army’s capability against enemy armour.

The DAC also approved procurement of thirteen 127 mm calibre guns for the Navy at its meeting held in New Delhi on 27 April 2018.

These guns will be fitted on-board new construction ships for undertaking surface engagements including Naval Gunfire Support Operations.

The guns will enable Naval ships to provide fire support and engagement of targets on the land.

These guns have engagement range of 24 kilometres, which could be extended further by using Extended Range Gun Munitions (ERGM).

These guns, a long outstanding requirement of the Navy would be procured from BAE Systems of the United States of America under the categorisation of Buy (Global) at an approximate cost of over Rs.3,000 crore.

The DAC also reviewed the progress of the DRDO programme to develop indigenous Airborne Warning and Control System (AWACS). fii-news.com

Tags: Defence MinistryNirmala Sitharaman.
ShareTweetShare

Related Posts

Nava logo
Investment

Invest: Nava expands in Zambia-Southeast Asia

by Fiinews
November 8, 2025
0
11

Zambian avocado yield from H2’FY26 Hyderabad’s Nava Limited, a diversified Indian multinational with interests spanning Metals, Mining, Energy, Commercial Agriculture,...

Rootstock
Technology

Tech: Bangalore CoE committed to India – Rockstock

by Fiinews
November 8, 2025
0
13

Boyapati to hire and train engineering team Rootstock Software, a leading provider of cloud ERP for product companies, has established...

PIB

Tech: Startups pitch for funds at ESTIC 2025

November 8, 2025
14
Lakeside 3

Tech: SysTrack Cloud available in India

November 7, 2025
17
PIB

Tech: CSIR highlights Advanced Materials

November 7, 2025
12
PIB

Tech: India prepares for 6G leadership

November 7, 2025
13
SBI YONO
Sabit

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Technology: Impact of FinTech conferences on students and future opportunities in industry

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Invest: Nava expands in Zambia-Southeast Asia
  • Market: Oremus forays into Europe from Helsinki
  • Project: ADB lends for AP clean energy development
  • Export: Technical talks on India-EU FTA continues
  • Tender: NPG evaluates 154-km NH160A proposal

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.