Hyderabad: Bharat Dynamics Limited (BDL) here has signed a contract for Rs 8,161 Crore with the Ministry of Defence, Government of India, for production and supply of Akash Weapon System to the Indian Army.
The contract, which was signed on Thursday at New Delhi, is for two regiments of the Indian Army.
The order is to be executed in three years, a BDL release here on Friday said.
Further, BDL also received an order of Rs 261 Crore for CMDS for MLH Helicopters. The consolidated order book position of BDL has now reached a staggering figure of Rs 24,021 crore approximately with the signing of this new contract.
Commodore Siddharth Mishra (Retd), Chairman and Managing Director, BDL stated that signing of the new contract will give a major boost to the Akash programme and both, BDL and its supply chain partners, are geared up to meet the production demands of the Weapon System.
In addition to the domestic market, the Akash Weapon System is also being offered for export to friendly foreign countries, he added.
The financial year, 2022-23, has been an eventful year for the Company with new orders received from domestic and international market, setting up of State-of-the-Art manufacturing facilities, unveiling of new products for the armed forces, signing of MoUs with foreign and Indian Companies which have opened up new business opportunities for BDL.