Defence Ministry Signs Rs 15.61 Billion Deal for Bridge-Laying Tanks

25 Jan 2025 CW Team

The Defence Ministry has signed a Rs 15.61 billion contract with the Heavy Vehicles Factory (HVF) in Avadi, Chennai, to supply 47 T-72 Bridge-Laying Tanks (BLTs) to the Indian Army. These tanks will enhance the Army’s ability to ensure swift movement of mechanised forces in battle zones, supporting both offensive and defensive operations. BLTs are vital for launching bridges during military manoeuvres, making them a critical asset for mechanised forces. The deal aligns with the Indian-IDDM (Indigenously Designed, Developed, and Manufactured) category under India’s defence procurement policy, which emphasises indigensation. This project is expected to significantly contribute to India’s economy and generate employment opportunities. HVF, a unit of Armoured Vehicle Nigam Limited (AVNL), is one of the seven defence companies formed in 2021 after the corporatisation of the Ordnance Factory Board (OFB). These companies now produce a range of defence equipment, including ammunition, vehicles, weapons, troop comfort items, and electronics. The contract was signed in the presence of Defence Secretary Rajesh Kumar Singh and senior officials from the ministry and HVF/AVNL. It marks another step in India’s efforts to achieve self-reliance in defence manufacturing. Recent initiatives include phased import bans on various weapons and components, increasing foreign direct investment (FDI) from 49% to 74%, and creating a dedicated budget for indigenous military hardware. India aims to achieve a defence manufacturing turnover of Rs 1.75 trillion in FY 2024-25. The latest deal follows a Rs 29.6 billion contract with Bharat Dynamics Limited to equip the Navy with medium-range surface-to-air missiles, further underscoring the country’s commitment to strengthening its defence capabilities.(HT)

Infrastructure Urban

30 May 2026

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..

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..

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..