Ministry of Defence Contracts (March 2024):
MoD signed five major contracts worth Rs 39,125.39 crore in New Delhi, Delhi.
Contract with HAL (Hindustan Aeronautics Limited):
Value: Rs 5,249.72 crore
Procurement of Klimov RD-33 Aero Engines for MiG-29 aircraft.
Aims to increase indigenous content in future Repair and Overhaul tasks.
Engines manufactured by HAL's Koraput Division under Russian OEM license.
Contracts with L&T (Larsen & Toubro Limited):
CIWS Contract: Close-in Weapon System (CIWS)
Value: Rs 7,668.82 crore
Provides terminal Air Defense; boosts Indian aerospace and defense participation.
HPR Contract: High-Power Radar (HPR) system.
Value: Rs 5,700.13 crore
First private sector-built radar in India; enhances IAF's air defense capabilities.
Contracts with BAPL (BrahMos Aerospace Private Limited):
BrahMos Missiles Procurement Contract:
Value: Rs 19,518.65 crore
Deployed for combat and training in the Indian Navy.
Shipborne BrahMos Missile System Procurement Contract:
Value: Rs 988.07 crore
Develops shipborne BrahMos missiles for the Indian Navy, capable of hitting extended-range targets.
Key People:
Contracts exchanged in the presence of Union Minister Rajnath Singh, MoD, guided by Defence Secretary Giridhar Aramane.
Last changed10 months ago