Bharat Dynamics signs defence contract worth Rs 1,188 cr to manufacture MILAN 2T anti-tank missiles
The Union Defence Ministry said that the contract was in line with the Centre's Atmanirbhar Bharat initiative in the defence sector
File photo of Rajnath Singh. Twitter/@rajnathsingh
Hyderabad: Defence PSU Bharat Dynamics Limited (BDL) on Friday signed a contract worth Rs 1,188 crore, including GST, with the Ministry of Defence to manufacture and supply MILAN 2T anti-tank guided missiles.
The contract was signed by Dipti Mohil Chawla, Joint Secretary (AM & LS), on behalf of the Ministry of Defence and Acquisition Wing, and Commodore TN Kaul (retd), Executive Director (marketing), BDL, a defence press release said.
CMD of BDL Commodore Siddharth Mishra (retd) said the receipt of this order has given a boost to the existing order book of the company.
The current order book position of the company with the current order received is over Rs 9,000 crore, the release said.
In line with the Centre's initiative for creation of 'Atmanirbhar Bharat' in the defence sector, many items have been exclusively earmarked for the Indian industry and a negative list of imports has been released by the Ministry of Defence, it said.
BDL's products — short range surface-to-air missile and Astra air-to-air weapon system — are covered under this list and some more products of the company are expected to be brought into the subsequent list being released by the Ministry of Defence, it said.
BDL is also working on export of weapon system to friendly foreign countries.
The company has a well-established infrastructure and expertise to execute these orders and meet the customer delivery schedule, the release said.
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