MoD signs contracts worth Rs 2580 Cr with Indian Companies for supply of Pinaka Regiments

Providing a further boost to the ‘Make in India’ initiative of the Government of India in the Defence Sector, the Acquisition Wing of the Ministry of Defence (MoD) on Monday signed contracts with M/s. Bharat Earth Movers Ltd. (BEML), M/s. Tata Power Company Ltd. (TPCL) and M/s. Larsen & Toubro (L&T) for the supply of Six Pinaka Regiments to the Regiment of Artillery of the Indian Army at an approximate cost of Rs. 2580 Crores. These Six Pinaka Regiments comprise 114 Launchers with Automated Gun Aiming & Positioning System (AGAPS) and 45 Command Posts to be procured from M/s TPCL and M/s L&T and 330 Vehicles to be procured from M/s BEML. These Six Pinaka Regiments will be operationalized along the Northern and Eastern Borders of our country further enhancing the operational preparedness of our Armed Forces. The induction of the Six Pinaka Regiments is planned to be completed by 2024.

This project under Buy (Indian) categorization, with 70% Indigenous Content, has been approved by Defence Minister Rajnath Singh and Finance Minister, Nirmala Sitharaman.

The Pinaka Multiple Launch Rocket System (MLRS) has been indigenously designed and developed by DRDO and productionised by the above-mentioned defence industries. This is a flagship project showcasing public-private partnership under the aegis of the Government of India (DRDO & MoD) enabling “Aatmnirbharta” in cutting edge Defence t technologies.