- 09 Feb 2024
- ICICI Securities
NAVY’S PROPOSALS FOR HEAVY-WEIGHT TORPEDOES IN PROCESS
BDL - 966 Change: 26.75 (2.85 %)News: As per the news reports, Indian Navy is pushing proposals to equip Kalvari submarines (P-75 submarines) with heavy-weight torpedoes (HWT) through indigenous, global routes. The two proposals include buying 48 HWT through a global tender and acquiring indigenous DRDO developed electrical HWT. The proposals are expected to be discussed at a high-level defence ministry meeting next week.
Views: Once the proposals get AoN (acceptance of necessity), the tenders will be floated after few months, in which global and Indian players will participate. Bharat Dynamics (BDL) is already a nominated partner for DRDO-developed electrical heavy-weight torpedoes. BDL is also expected to participate in indigenous manufacturing of required foreign DWTs. Bharat Electronics is also expected to be the key beneficiary for required electronic systems/sub-systems for these torpedoes.
Impact: Positive