Defence Ministry Signs Agreement Worth ₹39,125 Crore for Military Procurements
GG News Bureau
New Delhi, 1st March. The Ministry of Defence finalized five military procurement agreements totaling ₹39,125 crore on Friday.
Among these contracts, one was signed with Hindustan Aeronautics Limited for acquiring aero-engines for MiG-29 aircraft.
Additionally, two contracts were made with Larsen & Toubro Limited for the purchase of close-in weapon systems (CIWS) and high-power radar.
The remaining two agreements were secured with BrahMos Aerospace Private Limited for procuring BrahMos missiles.
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The ministry emphasized that these deals will enhance indigenous capabilities, bolster national security, reduce reliance on foreign equipment manufacturers, and contribute to saving foreign exchange.
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