Tata Power Strategic Engineering Division (Tata Power SED) today announced the signing of an important deal with the Ministry of Defence, Government of India, to supply 23 ship-borne 3D Air Surveillance Radars to the Indian Navy over the next 10 years.
The contract, estimated value is about INR 1200 crore, was signed under the Buy & Make (India) category of the Defence Procurement Procedure (DPP) 2013 that will be offering the Indian Navy a proven solution, with a production arrangement in India under Transfer of Technology (ToT) and thereby furthering substantive self-reliance for India’s defence requirements.
The contract will be executed by Tata Power SED as the prime contractor with foreign OEM (Original Equipment Manufacturer) partner Indra Sistemas, Spain.
Tata Advanced Systems Ltd. (TASL) has entered into an SPA with Tata Power for purchase of Tata Power SED, subject to regulatory and other approvals. Read more