BDL bags Rs 1,347.71 crore orders from HAL for defence systems

New Delhi: State-owned defence manufacturer Bharat Dynamics Limited (BDL) has secured orders worth approximately Rs 1,347.71 crore from Hindustan Aeronautics Limited (HAL) for the supply of missile-related systems and countermeasure equipment.

Follow The PSUWatch Channel on WhatsApp

In a regulatory filing on Wednesday, BDL said the company has received orders for Helina launchers and Line Replaceable Units (LRUs) valued at Rs 1,109.37 crore and Counter Measure Dispensing System (CMDS) LRUs worth Rs 238.34 crore. The aggregate value of the orders stands at Rs 1,347.71 crore (gross).

The company stated that the contracts have been awarded by HAL, a domestic defence and aerospace company. The orders are scheduled to be executed over a period ranging from 24 months to 60 months.

Follow PSU Watch on LinkedIN

BDL said the detailed terms and conditions of the contracts remain confidential owing to national security considerations. The company further clarified that neither the promoter nor promoter group companies have any interest in the entity awarding the contracts and that the orders do not fall under related-party transactions.

(PSU Watch is India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy. 👉 Click to join our channel now: PSUWatch WhatsApp Channel. Prefer LinkedIn? Follow PSU Watch on LinkedIN. Click to stay connected on Twitter here and stay updated)