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  1. Defence Ministry signs five capital acquisition contracts worth ₹39,125 crore

Defence Ministry signs five capital acquisition contracts worth ₹39,125 crore

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2 min read • Updated: March 1, 2024, 6:09 PM

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The contracts were exchanged in the presence of the Defence Minister, Rajnath Singh and the Defence Secretary, Giridhar Aramane.

Union Defence Minister Rajnath Singh signing major capital acquisition contracts.

In a significant boost to the Make-in-India initiative, the Ministry of Defence has signed five major capital acquisition contracts worth ₹39,125.39 crore.

Defence ministry signs five major contracts:

  • Contract with Hindustan Aeronautics Limited (HAL) for procurement of Aero-engines for MiG-29 aircraft
  • Deal with Larsen & Toubro (L&T) for procurement of Close-in Weapon System (CIWS)
  • Contract with L&T for procurement of High-Power Radar (HPR)
  • Contract with BrahMos Aerospace Private Limited (BAPL) for procurement of BrahMos missiles
  • Contract with BAPL to procure ship-borne BrahMos system for the Indian Defence Forces.

The deal with HAL has been valued at ₹5,249.72 crore for the procurement of RD-33 Aero Engines for MiG-29 aircraft. The Koraput Division of HAL will produce the aero engines, the government said in a release.

"The contract for procurement of CIWS has been signed with L&T for ₹7,668.82 crore...The contract for procurement of HPR has also been signed with M/s Larsen & Toubro Limited for ₹5,700.13 crore," the government said.

The defence ministry will procure BrahMos missiles from BAPL for ₹19,518.65 crore. The missiles will be used to meet the combat outfit and training requirements of the Indian Navy.

"The contract for procurement of the ship-borne BrahMos system has also been signed with BAPL for ₹988.07 crore. This system is the Indian Navy's primary weapon for maritime strike operations fitted onboard various frontline warships," the PIB release stated.