30 Yrs After Bofors, India Signs The Biggest Contract For Artillery Guns Worth Rs 4,500 Crore
Larsen & Toubro bagged its biggest defence order worth Rs 4500 crore to supply gun systems to the Indian army. L&T will supply 100 units of 155mm/52 calibre Tracked Self-Propelled Gun systems over 42 months. It beat three others to emerge as the sole qualified bidder after a series of user trials and evaluations.
Larsen & Toubro bagged its biggest defence order worth Rs. 4,500 crore to supply gun systems to the Indian army, the engineering company said in a statement on Friday.
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L&T will supply 100 units of 155mm/52 calibre Tracked Self-Propelled Gun systems to the Indian army over 42 months. ¡°This is our biggest order and it gives us revenue visibility for the next three and a half years,¡± Jayant Patil, head of defence and aerospace at L&T, told ET.
L&T, supported by South Korean technology partner Hanwha Tech Win (HTW), had bid for this ¡®Buy Global¡¯ acquisition programme of the defence ministry in 2011. It beat three others to emerge as the sole qualified bidder after a series of user trials and evaluations, based on the performance of the K9 VAJRA-T self-propelled Howitzer.
The K9 VAJRA-T gun is an enhanced version of HTW¡¯s K9 Thunder, customised and co-developed by L&T and HTW to suit the specific requirements of the Indian army, including desert operations.
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HTW has sold over 1,000 units of the K9 Thunder self-propelled Howitzer, which are in service in Korea and other countries. ¡°Our order pipeline is strong and we hope to bag some more big-ticket orders in the current fiscal year to contribute significantly to L&T¡¯s order book,¡± Patil said. L&T has invested heavily in the defence sector and has built a shipyard that can build submarines.
