Defence Ministry signs MoU with BHEL for 16 upgraded gun mounts

30 Nov 2023 CW Team

On 28th November, 2023, a contract was signed by the Ministry of Defence with Bharat Heavy Electricals (BHEL), Haridwar, for the procurement of 16 Upgraded Super Rapid Gun Mount (SRGM) along with associated equipment/accessories for the Indian Navy. The contract was signed under the Buy (Indian) category, and the total cost of the procurement is Rs 29.56 bn.

It was disclosed that the upgraded SRGM, a medium-caliber anti-missile/anti-aircraft point defence weapon system, would be manufactured by BHEL at its Haridwar Plant. This system is designed to provide a sustained rate of fire and high accuracy. Additionally, it is capable of multiple engagements in multi-threat scenarios, boasting a proven record of excellent performance against missiles and highly maneuverable fast attack crafts.

The installation of the upgraded SRGMs on the Indian Navy's in-service and newly built ships will be carried out by Mazagaon Dock and Shipbuilders, Mumbai, and Garden Reach Shipbuilders & Engineers, Kolkata. Over a period of five years, the project is expected to generate employment for two and a half lakh mandays. Furthermore, the initiative aims to actively involve various Indian industries, including MSME, significantly contributing to the Government's efforts to achieve 'Atmanirbharta' in defence.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..