Brahmand NewsPrevious Article
Brahmand NewsNext Article

Tatas, L&T shortlisted for Defence project

Line Spacing+- AFont Size+- Print This Article

NEW DELHI (PTI): The Defence Ministry has shortlisted a consortium of Tata Power-Strategic Electronics Division (SED) and Larsen & Toubro for the battlefield management project, the order value of which in the production phase may be as much as Rs 50,000 crore.

As per the requirement of the procurement procedure, both the selected parties will -- after finalisation of the system specification -- be tasked with development of "prototype systems" for which purpose 80 per cent cost will be funded by the government, L&T said.

The expected amount involved in the development phase will be clear only after the system specifications have been finalised but is expected to be around Rs 800 crore, it said.

The total order value in the production phase could be between Rs 40,000 crore and Rs 50,000 crore, it added.

"L&T formed a consortium lead by Tata Power-strategic electronics division... After an extensive evaluation of the different 'expressions of interest'...two parties have been shortlisted as development agencies-one being the Tata Power-SED + L&T Consortium," L&T said in a filing to the BSE.

At the end of this development phase, which may spread over more than two to three years, the two independently developed prototype systems will be subjected to necessary evaluation and tests by the Defence Ministry, it said.


India  Tata  L&T  Defence  Project  
Line Spacing+- AFont Size+- Print Article

Other Related News

Indian Navy's long-term plan is to have three aircraft carriers: Navy chief

The Indian Navy's long-term plan is to have three aircraft carriers, Navy chief Admiral Karambir Singh said on Tuesday, and added that the first indigenous aircraft carrier will be fully operational by 2022.

Upcoming Defence Exhibitions

BRAHMOS Missile Systems


Brahmand World Defence Update 2019

Image Gallery