Defence Ministry signs defence procurement contracts worth Rs 4,666 crore 
Defence Watch

Defence Ministry signs defence procurement contracts worth Rs 4,666 crore

The Ministry of Defence has signed contracts worth a total of Rs 4,666 crore for the procurement of Close Quarter Battle (CQB) Carbines and Heavy Weight Torpedoes on Tuesday

Defence Watch Bureau

New Delhi: The Ministry of Defence has signed contracts worth a total of Rs 4,666 crore for the procurement of Close Quarter Battle (CQB) Carbines and Heavy Weight Torpedoes on Tuesday. According to an official statement, this move is aimed at strengthening the combat capabilities of the Armed Forces.

PSU Watch is now on Whatsapp Channels. Click here to join

The contracts have been signed in the presence of Defence Secretary Rajesh Kumar Singh at South Block, New Delhi.

Under the agreements, contracts worth Rs 2,770 crore were inked with Bharat Forge Ltd and PLR Systems Pvt Ltd for the supply of over 4.25 lakh CQB Carbines along with accessories for the Indian Army and the Indian Navy. The procurement is part of the government’s Aatmanirbhar Bharat initiative and is aimed at replacing legacy small arms with indigenous systems.

Separately, the Ministry signed a contract worth approximately Rs 1,896 crore with WASS Submarine Systems S.R.L., Italy, for the procurement and integration of 48 Heavy Weight Torpedoes for the Indian Navy’s Kalvari Class submarines under Project-75. Delivery of the torpedoes is scheduled to begin from April 2028 and conclude by early 2030.

The Ministry said that during FY'26 so far, capital contracts worth Rs 1.82 lakh crore have been signed for the modernisation of the Armed Forces.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

HAL invites applications for Director (Engineering, R&D) post; apply before Feb 10

Power Grid board okays investment of Rs 914 crore for procurement of cold spare transformers & reactors

Odisha garners investment proposals worth Rs 1.67 lakh crore in one month

Scindia reviews BSNL’s Q3 performance, calls for focus on QoS, ARPU growth

RRB amalgamation: FinMin to hold review meeting with CEOs of PSU banks on Jan 30