Defence Ministry inks Rs 2956.89 Cr contract with BHEL
![Defence Ministry inks Rs 2956.89 Cr contract with BHEL](https://www.psuconnect.in/sdsdsd/Defence_Ministry_inks_contract_with_BHEL.jpg)
The Ministry of Defence has signed a contract with M/s Bharat Heavy Electricals Limited (BHEL), Haridwar on 28th November, 2023, for procurement of 16 Upgraded Super Rapid Gun Mount (SRGM) along with associated equipment/ accessories for Indian Navy under Buy (Indian) category at a total cost of Rs 2956.89 Cr.
The upgraded SRGM, which will be manufactured by M/s BHEL at its Haridwar Plant, is a medium caliber anti-missile/anti aircraft point defence weapon system which provides a sustained rate of fire and high accuracy. The weapon system is capable of multiple engagements in multi-threat scenarios and has a proven record of very good performance against missiles and highly maneuverable fast attack crafts.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYUpgraded SRGMs will be installed onboard Indian Navy's in-service and newly built ships by M/s Mazagaon Dock and Shipbuilders Ltd., Mumbai, and Garden Reach Shipbuilders & Engineers, Kolkata. The project will generate an employment of two and half lakh mandays over a period of five years and encourage active participation of various Indian industries including MSME, thus significantly contributing to the Government's efforts to achieve 'Atmanirbharta' in defence.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh