Tuesday, July 8, 2025
  • Login
News Point
  • HOME
  • About US
    • OUR FOUNDER
    • OUR PHILOSPHY
    • OUR TEAM
  • OUR SERVICES
    • CONTENT CREATION AND PRODUCTION
    • PRINT MEDIA
    • SOCIAL MEDIA MARKETING
    • Digital Marketing
  • NEWS
    • National
    • Politics
    • Business
    • Entertainment
    • Health & Wellness
    • INTERNATIONAL
  • Video News
  • OURCLIENTS
  • In News
  • VIRAL VIDEO
  • Social Engagement
  • Contact US
Live
  • HOME
  • About US
    • OUR FOUNDER
    • OUR PHILOSPHY
    • OUR TEAM
  • OUR SERVICES
    • CONTENT CREATION AND PRODUCTION
    • PRINT MEDIA
    • SOCIAL MEDIA MARKETING
    • Digital Marketing
  • NEWS
    • National
    • Politics
    • Business
    • Entertainment
    • Health & Wellness
    • INTERNATIONAL
  • Video News
  • OURCLIENTS
  • In News
  • VIRAL VIDEO
  • Social Engagement
  • Contact US
No Result
View All Result
News Point
No Result
View All Result
Home Latest News

Ministry of Defence signs five major capital acquisition contracts worth Rs 39,125.39 crore

News Point Bureau by News Point Bureau
March 1, 2024
in Latest News, National
0
Ministry of Defence signs five major capital acquisition contracts worth Rs 39,125.39 crore
0
SHARES
13
VIEWS
Share on FacebookShare on Twitter

As part of ‘Aatmanirbharta in Defence’ and to further boost Make-in-India initiative, the Ministry of Defence (MoD) signed five major capital acquisition contracts worth Rs 39,125.39 crore on March 1, 2024 in New Delhi. The Contracts were exchanged in the presence of Raksha Mantri Rajnath Singh and Defence Secretary Giridhar Aramane, under whose guidance these deals fructified. Out of the five contracts, one was with M/s Hindustan Aeronautics Limited for procurement of Aero-engines for MiG-29 aircraft, two with M/s Larsen & Toubro Limited for procurement of Close-in Weapon System (CIWS) and procurement of High-Power Radar (HPR) and two with M/s BrahMos Aerospace Private Limited (BAPL) for procurement of BrahMos missiles and procurement of Ship borne BrahMos system for the Indian Defence Forces. These deals will further strengthen indigenous capabilities, save foreign exchange and reduce dependency on Foreign Origin Equipment Manufactures in future. The contract for RD-33 Aero Engines for MiG-29 aircraft has been signed with M/s Hindustan Aeronautics Limited (HAL) at a cost of Rs 5,249.72 crore. These aeroengines will be produced by the Koraput Division of HAL. These Aero Engines are expected to fulfill the need of Indian Air Force (IAF) to sustain the operational capability of the MiG-29 fleet for the residual service life. The aero-engines will be manufactured under Transfer of Technology (TOT) license from the Russian OEM. The programme will focus on indigenisation of several high value critical components, which would help increase the indigenous content of future Repair and Overhaul (ROH) tasks of RD-33 aero-engines.

The contract for procurement of CIWS has been signed with M/s Larsen & Toubro Limited at a cost of Rs 7,668.82 crore. CIWS will provide terminal Air Defence to select locations of the country. The project will boost and encourage active participation of Indian aerospace, defence and associated industries including MSMEs. The direct and indirect employment generated by this project would be approximately average of 2,400 persons/ year over the period of five years. The contract for procurement of HPR has also been signed with M/s Larsen & Toubro Limited at a cost of Rs 5,700.13 crore. It will replace existing long-range radars of lAF with modern Active Aperture Phased Array based HPR with advanced surveillance features. It will significantly enhance the terrestrial Air Defence capabilities of IAF with integration of sophisticated sensors capable of detection of small Radar Cross Section targets. It will boost to indigenous radar manufacturing technology as it would be first of its kind radar built by the private sector in India. The direct and indirect employment generated by this project would be approximately average of 1,000 people/year over the period of five years. The contract for procurement of BrahMos missiles has been signed with M/s BrahMos Aerospace Private Limited (BAPL) at a cost of Rs 19,518.65 crore. These missiles would be utilized to meet combat outfit and training requirements of Indian Navy. This project is likely to generate employment of nine lakh man-days in Joint Venture entity and around 135 lakh man-days in ancillary industries (including MSMEs) of the country.

Previous Post

20 Indians stuck in Russia, govt in touch with Moscow for early discharge: MEA

Next Post

PM lays foundation stone and dedicates to nation multiple development projects worth Rs 35,700 crores in Dhanbad

News Point Bureau

News Point Bureau

Related Posts

Donald Trump Takes Oath as 47th President of United States
International

Trump warns of 25% Tariffs on Japan, South Korea from Aug 1

July 8, 2025
Texas Floods toll passes 100, Rescue Efforts Ongoing
International

Texas Floods toll passes 100, Rescue Efforts Ongoing

July 8, 2025
IMD warns of heavy rains in Delhi, Several States Alerted
Latest News

IMD Forecasts Heavy to Very Heavy Rainfall Across Several States; Light to Moderate Showers in Delhi

July 8, 2025
Indian broadcaster Sanjog Gupta becomes the new CEO of ICC
Latest News

Indian broadcaster Sanjog Gupta becomes the new CEO of ICC

July 8, 2025
PM Modi to Visit Namibia in Final Leg of Five-Nation Tour
International

PM Modi to Visit Namibia in Final Leg of Five-Nation Tour

July 8, 2025
PM Modi Arrives in Brazil; To Hold Talks with President Lula, Sign Key MoUs
Business

PM Modi Arrives in Brazil; To Hold Talks with President Lula, Sign Key MoUs

July 8, 2025
Next Post
PM lays foundation stone and dedicates to nation multiple development projects worth Rs 35,700 crores in Dhanbad

PM lays foundation stone and dedicates to nation multiple development projects worth Rs 35,700 crores in Dhanbad

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Railway Station manager Rakesh Sharma is on a mission to find your lost luggage

Railway Station manager Rakesh Sharma is on a mission to find your lost luggage

April 5, 2023

Bodybuilders On Onlyfans – OnlyFans Now

May 5, 2024

Blonde Onlyfans Model – Best OnlyFans Model

May 5, 2024
A Book: Pitambara Peeth Demystifying Maa Baglamukhi

A Book: Pitambara Peeth Demystifying Maa Baglamukhi

October 30, 2023
2,483 new Covid cases reported in the last 24 hours

2,483 new Covid cases reported in the last 24 hours

PM Modi pays tributes to Dr. Babasaheb Ambedkar on his Jayanti

PM Modi pays tributes to Dr. Babasaheb Ambedkar on his Jayanti

PM writes a letter to the beneficiary of PM Awas Yojana; says a pucca house is the foundation of a better tomorrow

PM writes a letter to the beneficiary of PM Awas Yojana; says a pucca house is the foundation of a better tomorrow

India and US reaffirm their commitment to promote regional stability and rule of law at fourth 2+2 Ministerial Dialogue

India and US reaffirm their commitment to promote regional stability and rule of law at fourth 2+2 Ministerial Dialogue

Donald Trump Takes Oath as 47th President of United States

Trump warns of 25% Tariffs on Japan, South Korea from Aug 1

July 8, 2025
Texas Floods toll passes 100, Rescue Efforts Ongoing

Texas Floods toll passes 100, Rescue Efforts Ongoing

July 8, 2025
IMD warns of heavy rains in Delhi, Several States Alerted

IMD Forecasts Heavy to Very Heavy Rainfall Across Several States; Light to Moderate Showers in Delhi

July 8, 2025
Indian broadcaster Sanjog Gupta becomes the new CEO of ICC

Indian broadcaster Sanjog Gupta becomes the new CEO of ICC

July 8, 2025

Recent News

Prime Minister Narendra Modi’s remarks during SAMVAD programme in Thailand

PM Modi pays homage to Chhatrapati Shivaji Maharaj on his Jayanti

February 19, 2025

Melbet БК ️ Мелбет Букмекерська контора ︎ставок на спорт

February 15, 2024
UP: 1 dies, 7 injured as 12 coaches of Dibrugarh Express derails in Gonda, several feared trapped

UP: 1 dies, 7 injured as 12 coaches of Dibrugarh Express derails in Gonda, several feared trapped

July 18, 2024
CBDT relaxes provisions of TDS/TCS in event of death of deductee/collectee, before linkage of PAN and Aadhaar

CBDT relaxes provisions of TDS/TCS in event of death of deductee/collectee, before linkage of PAN and Aadhaar

August 7, 2024

News Point | Digital Media HUB

News Point

News Point bring you the most authentic News from the globe

Social Engagement

Follow Us

  • About
  • Grow With US
  • Privacy & Policy
  • Contact

© 2022 NewsPoint - Global News Network Powered by Brands Bloom.

No Result
View All Result
  • About US
  • Business
  • Contact US
  • Content Creation & Production
  • Content Creation & Production
  • Customised Production
  • Digital Marketing: The Game Changer
  • Entertainment
  • Health
  • Home | News Point
  • Home 1
  • Home 2
  • Home 3
  • Home 4
  • Home 5
  • Home 6
  • INTERNATIONAL
  • National
  • News Content
  • News Point TV – A Brief Profile
  • Newspoint
  • OUR CLIENTS & AFFILIATES
  • Our Digital Presence
  • OUR FOUNDER
  • OUR PHILOSPHY
  • OUR PHILOSPPHY
  • OUR TEAM
  • Politics
  • PRINT MEDIA
  • Sample Page
  • Social Engagement
  • SOCIAL MEDIA MARKETING: THE MARKETING QUINSSENTIAL
  • Video
  • Viral Video
  • Viral Video

© 2022 NewsPoint - Global News Network Powered by Brands Bloom.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist