Defence Ministry concludes contract with Mahindra Defence Systems Limited for 14 ASW Defence Suites
The IADS comes with an integrated capability for detecting enemy submarines and torpedoes at extended ranges as well as diverting incoming torpedoes fired by enemy submarines.
New Delhi: Ministry of Defence (MoD) has concluded a contract with Mahindra Defence Systems Limited for procurement of 14 Integrated Anti-Submarine Warfare (ASW) Defence Suites (IADS) at a cost of Rs 1,349.95 crore in New Delhi on August 27, 2021.
The contract with an Indian firm under the ‘Buy and Make (Indian)’ category of defence procurement is an important boost to India’s ‘Atmanirbhar Bharat’ mission and provides a major fillip to the indigenous defence industry in technology development and production. The system will enhance the anti-submarine warfare capability of Indian Navy.
The IADS comes with an integrated capability for detecting enemy submarines and torpedoes at extended ranges as well as diverting incoming torpedoes fired by enemy submarines.
The MoD has continued to demonstrate its resolve to augment the ‘Make in India’ initiative of the Government and the resolve of the country to become ‘Atmanirbhar’ in advance technologies with induction of multiple equipment through home-grown defence industry.
Read Also : Indian Air Force ushers in Digital Transformation with DigiLocker IntegrationNews Must Read
- 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
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station