L&T signs major contract with defence ministry for high power radars
Upstox
2 min read • Updated: March 1, 2024, 4:42 PM
Summary
L&T has also signed a contract for an earlier won major order for the supply of indigenously developed Close-In Weapon Systems (CIWS) to the IAF, the exchange filing said.
The Ministry of Defence has awarded Larsen & Toubro (L&T) a major contract to supply high-power radars to the Indian Air Force (IAF). A major contract is an order in the range of ₹5,000 to ₹10,000 crore.
High-power radars are static sensors for long-range aerial surveillance with higher uptime. "Equipped with multiple NextGen features and capable of remote operations, they will augment IAF’s capabilities for monitoring special zones of interest, designating and tracking adversaries with optimal accuracy. The project is turnkey and is to be executed across multiple locations," the company said in a regulator filing.
L&T has also signed a contract for an earlier won major order for the supply of indigenously developed Close-In Weapon Systems (CIWS) to the IAF, the exchange filing said.
CIWS will be deployed nationwide to protect vital assets from low-flying, low-signature aerial threats, including Unmanned Aerial Vehicles (UAVs).
"CIWS comprises Air Defence Guns, Tracking Radars and a Search Radar linked to a Command & Control Shelter along with associated simulators and communication equipment," L&T said.
Commenting on the mega-deal, Arun Ramchandani, Executive Vice President & Head of L&T Defence, said, "Winning these complex high-tech projects competitively after the extensive trial evaluation is a testimony to our capabilities in design, development, precision engineering and manufacturing of advanced platforms and systems for the Indian Armed Forces. Our efforts are constantly focused on enhancing self-reliance of the Indian Armed Forces."
The shares of L&T closed at ₹3,628, up 4.35% on NSE on March 1, 2024.