MoD Awards Rs 8.58 Billion Contracts For Tunguska And P8I Depot Inspection

31 Mar 2026 CW Team

The procurement contract for the Tunguska Air Defence Missile System, valued at Rs 4.45 billion (bn), was concluded with JSC Rosoboronexport of Russia for supply to the Indian Army. The systems are expected to augment multilayered defence against aircraft, unmanned aerial systems and cruise missiles. The arrangement is also framed as a reinforcement of the longstanding Indo-Russian defence partnership. Delivery schedules and training provisions will be finalised under contract terms.

A separate contract worth Rs 4.13 billion (bn) covers depot level inspection of the P8I fleet and was awarded to Boeing India Defense Private Ltd, a wholly owned Indian subsidiary of Boeing, under the Buy Indian category with 100 per cent Indigenous Content. The work will be carried out at an in-country maintenance, repair and overhaul facility to provide depot level maintenance for the P8I aircraft. The programme is aligned with Government of India initiatives on Aatmanirbhar Bharat and Make-in-India. The local maintenance work is expected to build specialised skills.

The combined contracts are intended to ensure sustained availability of critical platforms and to foster in-country maintenance capabilities while preserving strategic supply relationships. The MoD will oversee implementation to meet timelines and operational requirements. Stakeholders expect the contracts to support domestic industry and to contribute to long term capability sustainment. Budgetary allocations have been made within existing defence plans.

The Ministry of Defence (MoD) has signed contracts totalling Rs 8.58 billion (bn) for the procurement of the Tunguska Air Defence Missile System and for depot level inspection of the P8I Long-Range Maritime Reconnaissance Aircraft. The agreements were finalised at Kartavya Bhawan-2 in New Delhi on 27 March 2026. The packages are intended to strengthen air defence posture, sustain maritime reconnaissance capability and to enhance operational readiness and domestic maintenance capacity. The contracts follow routine procurement procedures and represent strategic acquisitions. The procurement contract for the Tunguska Air Defence Missile System, valued at Rs 4.45 billion (bn), was concluded with JSC Rosoboronexport of Russia for supply to the Indian Army. The systems are expected to augment multilayered defence against aircraft, unmanned aerial systems and cruise missiles. The arrangement is also framed as a reinforcement of the longstanding Indo-Russian defence partnership. Delivery schedules and training provisions will be finalised under contract terms. A separate contract worth Rs 4.13 billion (bn) covers depot level inspection of the P8I fleet and was awarded to Boeing India Defense Private Ltd, a wholly owned Indian subsidiary of Boeing, under the Buy Indian category with 100 per cent Indigenous Content. The work will be carried out at an in-country maintenance, repair and overhaul facility to provide depot level maintenance for the P8I aircraft. The programme is aligned with Government of India initiatives on Aatmanirbhar Bharat and Make-in-India. The local maintenance work is expected to build specialised skills. The combined contracts are intended to ensure sustained availability of critical platforms and to foster in-country maintenance capabilities while preserving strategic supply relationships. The MoD will oversee implementation to meet timelines and operational requirements. Stakeholders expect the contracts to support domestic industry and to contribute to long term capability sustainment. Budgetary allocations have been made within existing defence plans.

Products

20 Apr 2026

OrnaMatte Brings Premium Matte Finishes to Modern Interiors

Action TESA has introduced OrnaMatte, a curated range of 38 matte finishes designed for contemporary interior surfaces. The new offering combines premium aesthetics with practical performance, reflecting the growing demand for surface solutions that balance design appeal with durability. The company said matte finishes continue to gain popularity for their understated, elegant look across modern interiors. OrnaMatte features anti-fingerprint properties, a velvety satin feel, near-zero gloss and 3H scratch resistance, making it suitable for long-term use in residential and commercial spaces. ..

Real Estate

20 Apr 2026

Vestian reports 36% drop in construction activity in Q1

Vestian reported a 36 per cent quarter-on-quarter decline in new office completions to 9.7 million sq ft in Q1 2026, marking the lowest level in the past four quarters amid the West Asia crisis.The slowdown was led by cities such as Bengaluru, Hyderabad and Mumbai, where developers adopted a cautious approach. Hyderabad saw the steepest drop, with completions falling 95 per cent to 0.3 million sq ft from 6.0 million sq ft in the previous quarter.Despite constrained supply, office absorption rose 20 per cent year-on-year to 21.53 million sq ft, driven by sustained demand from global capability ..

Real Estate

20 Apr 2026

fäm Properties reports 95% sales in Dubai 2026 supply

Data from DXBinteract shows that 41,015 of 43,217 units due this year have already been sold. Across the 2026–2029 pipeline, 71.45 per cent of 426,182 units have been committed, indicating sustained absorption levels.The analysis highlights strong demand across leading developers, with several reporting near or full sell-outs. Emaar and Meraas have sold over 99 per cent of their 2026 inventory, while Dubai Holding and Meydan projects are fully sold.Commenting on the trend, Firas Al Msaddi, CEO, fam Properties, said, “Dubai continues to demonstrate a level of forward demand that is structur..