DEFENCE MINISTRY SIGNS RS 7629 CRORE CONTRACT WITH L&T
News: Ministry of Defence (MoD) has signed a contract with Larsen & Toubro (L&T) for procurement of 100 K9 VAJRA-T Self-Propelled Tracked Artillery Guns. The procurement of the 155 mm/52 calibre guns will catalyse the artillery modernization and enhance the overall operational readiness of the Indian Army. The total contract size is Rs 7,628.7 crore.
Views: These artillery guns will be manufactured locally by L&T with technology transfer from South Korean firm Hanwha. The indigenous level of this platform has been increased significantly with over 80% of its components being produced at L&T's Hazira facility. The contract has been awarded promptly considering that the approval (for these additional 100 Vajra guns) was given last week only from the government.
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