Moneycontrol PRO
HomeNewsBusinessDefence ministry signs Rs 1752-crore deal with Kanpur firm for stabilised remote control guns

Defence ministry signs Rs 1752-crore deal with Kanpur firm for stabilised remote control guns

This acquisition will provide further boost to the vision of "Aatmanirbharta in Defence", the ministry of defence said in a statement.

February 14, 2024 / 19:00 IST
"This contract will also open up a large avenue in defence manufacturing for over 125 Indian vendors and Defence PSUs for over a period of five years," Ministry of Defence said.

The Ministry of Defence on Wednesday signed a Rs 1,752.13-crore contract with a Kanpur-based firm for manufacturing and supply of 463 indigenously built 12.7 mm stabilised remote control guns for the Indian Navy and the Indian Coast Guard, officials said.

This acquisition will provide further boost to the vision of "Aatmanirbharta in Defence", the ministry of defence said in a statement.

"This contract will also open up a large avenue in defence manufacturing for over 125 Indian vendors and Defence PSUs for over a period of five years," it added.

The ministry signed the contract with Advanced Weapon Equipment India Limited (AWEIL), Kanpur for "manufacturing and supply of a total of 463 indigenously manufactured 12.7 mm stabilised remote control guns (SRCG) for the Indian Navy and the Indian Coast Guard at a total cost of Rs 1,752.13 crore, with indigenous content (IC) of more than 85 per cent," it said.

These guns will enhance the capability of the Navy and the Coast Guard to accurately engage small targets that pose a threat to ships in an asymmetric environment, both by day and night, the ministry said.

PTI
first published: Feb 14, 2024 07:00 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347