Defence Ministry Signs Contracts For Tunguska Missile System
DEFENSE

Defence Ministry Signs Contracts For Tunguska Missile System

The Defence Ministry signed contracts totalling Rs 8,580 million (mn) for acquisition and maintenance of aerial defence and maritime reconnaissance assets. The agreements cover procurement of the Tunguska air defence missile system for the Indian Army and depot-level inspection of the P8I Long-Range Maritime Reconnaissance Aircraft for the Indian Navy. The Ministry indicated that the combined value of the contracts is equivalent to Rs 858 crore.

The contract for the procurement of the Tunguska air defence missile system, valued at Rs 4,450 million (mn), was concluded with JSC Rosoboronexport in the presence of Defence Secretary Rajesh Kumar Singh. The Ministry stated that the systems will enhance multilayered air defence capabilities against aerial threats including aircraft, drones and cruise missiles. Officials indicated that the procurement will further strengthen the Indo-Russian strategic defence partnership.

The agreement for depot-level inspection of the P8I Long-Range Maritime Reconnaissance Aircraft, valued at Rs 4,130 million (mn), was signed with Boeing India Defense Private Ltd under the Buy Indian category with 100 per cent Indigenous Content. The contract will ensure depot-level maintenance of the P8I fleet at an in-country maintenance, repair and overhaul facility and is intended to boost domestic aerospace capability. The Ministry presented the move as aligning with the government’s commitment to Aatmanirbhar Bharat and Make in India.

Officials noted that localising maintenance and repair work is expected to reduce turnaround times and support fleet readiness while creating technical and support jobs within the country. The transactions are described as part of broader efforts to modernise the armed forces through targeted procurements and capacity building. The Ministry indicated that implementing the contracts will be subject to the usual timelines and regulatory clearances.

The Defence Ministry signed contracts totalling Rs 8,580 million (mn) for acquisition and maintenance of aerial defence and maritime reconnaissance assets. The agreements cover procurement of the Tunguska air defence missile system for the Indian Army and depot-level inspection of the P8I Long-Range Maritime Reconnaissance Aircraft for the Indian Navy. The Ministry indicated that the combined value of the contracts is equivalent to Rs 858 crore. The contract for the procurement of the Tunguska air defence missile system, valued at Rs 4,450 million (mn), was concluded with JSC Rosoboronexport in the presence of Defence Secretary Rajesh Kumar Singh. The Ministry stated that the systems will enhance multilayered air defence capabilities against aerial threats including aircraft, drones and cruise missiles. Officials indicated that the procurement will further strengthen the Indo-Russian strategic defence partnership. The agreement for depot-level inspection of the P8I Long-Range Maritime Reconnaissance Aircraft, valued at Rs 4,130 million (mn), was signed with Boeing India Defense Private Ltd under the Buy Indian category with 100 per cent Indigenous Content. The contract will ensure depot-level maintenance of the P8I fleet at an in-country maintenance, repair and overhaul facility and is intended to boost domestic aerospace capability. The Ministry presented the move as aligning with the government’s commitment to Aatmanirbhar Bharat and Make in India. Officials noted that localising maintenance and repair work is expected to reduce turnaround times and support fleet readiness while creating technical and support jobs within the country. The transactions are described as part of broader efforts to modernise the armed forces through targeted procurements and capacity building. The Ministry indicated that implementing the contracts will be subject to the usual timelines and regulatory clearances.

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->