MOU
BDL Signs Contract for Supply of Torpedoes to Indian Navy
New Delhi: Bharat Dynamics Limited (BDL) has signed a contract worth of Rs 1,187.82 Crores for supply of Heavy Weight Torpedoes to Indian Navy.
The contract was signed by Shri NP Diwakar, Director (Technical), BDL and Ms Nidhi Chhibber, Joint Secretary & Acquisition Manager (Maritime & Systems), Ministry of Defence, Govt. of India at New Delhi.
The execution of contract will be in next 42 months. The weapon will be manufactured at BDL Visakhapatnam Unit under collaboration with DRDO.
The Heavy Weight Torpedo or the Varunastra is a ship launched, electrically propelled underwater weapon equipped with one of the most advanced automatic and remote controlled guidance systems. The weapon system uses its own intelligence in tracing the target.
Read Also : REC Limited declares financial results, records highest ever annual net profit
News Must Read
- RITES completes glorious 50 years
- THDC and UJVNL Joint Venture, TUECO inks MoU with Nagar Nigam Haridwar
- Government Accords 'Navratna' Status to IREDA
- EIL and Mongol Refinery resumed external construction activities at Mongol Refinery Project site
- World's Largest Airport Coming; 5 times bigger than Dubai International Airport
- NTPC inks pact with RINL for supply of limestone
- RBL Bank Q4 Audited Financial results, FY24
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender