InvestorQ : What is the latest Rs557cr deal inked by the Defence Ministry?
Sakshi Malhotra made post

What is the latest Rs557cr deal inked by the Defence Ministry?

Answer
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leah Diaz answered.
3 months ago


The Defence Ministry has recently signed an Rs557cr deal with BEML for procurement of 1,512 Mine Plough (MP) for Tank T-90 S/SK. This contract was signed by the Acquisition Wing of Union Ministry of Defence in a bid to boost the Make in India initiative by the government.

The agreement, signed after the approval of Union Defence Minister Rajnath Singh, has Buy and Make (Indian) categorization with a minimum of 50% indigenous content in make portion of the contract. These mine ploughs manufactured by BEML will be fitted on T-90 Tanks of Indian Armoured Corps which will facilitate individual mobility to T-90 tanks while negotiating a minefield. These 1,512 mine ploughs will be made available by 2027.