Defence Ministry signs Rs 2,580 Cr deal with Indian companies to procure Pinaka missiles

New Delhi, Sept 1: In a major boost to 'Make In India' initiative in the defence sector, the Ministry of Defence (MoD) has locked a deal with Indian domestic manufacturers for the acquisition of Pinaka missiles to six Army regiments.

 

 

The induction of Six Pinaka Regiments is planned to be completed by 2024. This project under Buy (Indian) categorisation, with 70% Indigenous Content, has been approved by Defence Minister Rajnath Singh and Finance Minister Nirmala Sitharaman.

 

"The Acquisition Wing of Ministry of Defence (MoD) has signed contracts with M/s. Bharat Earth Movers Ltd. (BEML), M/s. Tata Power Company Ltd. (TPCL) and M/s. Larsen & Toubro (L&T) for the supply of Six Pinaka Regiments to the Regiment of Artillery of the Indian Army at an approximate cost of Rs. 2580 Crores," the MoD said in a release.

 

The six Pinaka Regiments comprises of 114 launchers with Automated Gun Aiming & Positioning System (AGAPS) and 45 Command Posts to be procured from M/s TPCL and M/s L&T and 330 Vehicles to be procured from M/s BEML. It will be operationalised along the Northern and Eastern Borders of our country further enhancing the operational preparedness of the Armed Forces.

 

Further, it added, "The Pinaka Multiple Launch Rocket System (MLRS) has been indigenously designed and developed by DRDO and productions by the above-mentioned defence industries. This is a flagship project showcasing public-private partnership under the aegis of Government of India (DRDO & MoD) enabling “Aatmnirbharta” in cutting edge Defence t technologies."