Major boost to Indian Army: Defence Ministry signs contract with BDL to supply 4,960 Anti-Tank Guided Missiles to Army
Giving more firepower to the Indian Army, the Ministry of Defence will soon provide 4,960 MILAN-2T Anti-Tank Guided Missiles (ATGMs) to the forces.
Giving more firepower to the Indian Army, the Ministry of Defence will soon provide 4,960 MILAN-2T Anti-Tank Guided Missiles (ATGMs) to the forces. The development comes after a deal was signed between Acquisition Wing of Ministry of Defence (MoD) Ministry of Defence and Defence Public Sector Undertaking (DPSU) Bharat Dynamics Limited (BDL). The deal was signed in the national capital today, March 19.
As per the deal, BDL will provide 4,960 MILAN-2T Anti-Tank Guided Missiles to the Indian Army.
See Zee Business Live TV Streaming Below:
This will further boost the ‘Make in India’ initiative of the Government. It is a ‘Repeat Order’ of contract, which was signed with BDL on March 08, 2016.
The Milan-2T is a Tandem Warhead ATGM with the range of 1,850 metres, produced by BDL under license from MBDA Missile Systems, France.
These missiles can be fired from ground as well as vehicle-based launchers and can be deployed in Anti-Tank Role for both offensive & defensive tasks. Induction of these missiles will further enhance the operational preparedness of the Armed Forces. Induction is planned to be completed in three years.
This project is a big opportunity for the defence industry to showcase its capability and will be a step in the direction of achieving the goal of ‘Atmanirbhar Bharat’ in the defence sector.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Tata Motors, Muthoot Finance and 3 more: Axis Direct recommends buying these stocks for 2 weeks; check targets, stop losses
12:53 PM IST