India Inks Rs 69-Bn Deals with Bharat Forge, Tata for Guns, Vehicles
DEFENSE

India Inks Rs 69-Bn Deals with Bharat Forge, Tata for Guns, Vehicles

The Ministry of Defence (MoD) has signed contracts worth Rs 69 billion with Bharat Forge and Tata Advanced Systems for the acquisition of 155mm/52 calibre Advanced Towed Artillery Gun Systems (ATAGS) and 6x6 High Mobility Vehicle gun towing trucks. These advanced artillery systems are designed to replace older, smaller-calibre guns currently in use, offering superior precision, extended firing range, and greater firepower to the Indian Army.

This acquisition marks a significant milestone as it is the first major procurement of towed artillery guns from the private sector. It is a strategic step toward boosting India’s domestic defence manufacturing capabilities under the Aatmanirbhar Bharat initiative. The involvement of private defence companies like Bharat Forge and Tata Advanced Systems reflects a growing emphasis on indigenous production and self-reliance in defence technology.

With this procurement, the total value of capital acquisition contracts signed by the MoD in the financial year 2024-25 has reached Rs 1.40 trillion. The ATAGS project is a collaborative effort led by the Defence Research and Development Organisation (DRDO), with the Armament Research and Development Establishment (ARDE), Pune, playing a central role in its development. The project director from ARDE was recognised during the signing event for his significant contribution.

This development is expected to not only modernise the Indian Army’s artillery capabilities but also stimulate growth in India’s defence industrial base, particularly in gun manufacturing. It underscores the government’s commitment to promoting domestic defence production and reducing reliance on imports.

News source: CNBC TV18

The Ministry of Defence (MoD) has signed contracts worth Rs 69 billion with Bharat Forge and Tata Advanced Systems for the acquisition of 155mm/52 calibre Advanced Towed Artillery Gun Systems (ATAGS) and 6x6 High Mobility Vehicle gun towing trucks. These advanced artillery systems are designed to replace older, smaller-calibre guns currently in use, offering superior precision, extended firing range, and greater firepower to the Indian Army. This acquisition marks a significant milestone as it is the first major procurement of towed artillery guns from the private sector. It is a strategic step toward boosting India’s domestic defence manufacturing capabilities under the Aatmanirbhar Bharat initiative. The involvement of private defence companies like Bharat Forge and Tata Advanced Systems reflects a growing emphasis on indigenous production and self-reliance in defence technology. With this procurement, the total value of capital acquisition contracts signed by the MoD in the financial year 2024-25 has reached Rs 1.40 trillion. The ATAGS project is a collaborative effort led by the Defence Research and Development Organisation (DRDO), with the Armament Research and Development Establishment (ARDE), Pune, playing a central role in its development. The project director from ARDE was recognised during the signing event for his significant contribution. This development is expected to not only modernise the Indian Army’s artillery capabilities but also stimulate growth in India’s defence industrial base, particularly in gun manufacturing. It underscores the government’s commitment to promoting domestic defence production and reducing reliance on imports. News source: CNBC TV18

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement