India Signs Contracts Worth Rs 2,580 Crore to Supply Pinaka Missiles to the Army

Strategic Insights -

The government has signed contracts with Tata Power Company Limited, Larsen & Toubro, and Bharat Earth Movers Ltd to supply six Army regiments with Pinaka missiles, pushing forward the 'Make in India' initiative in the Defence Sector. The contracts, worth Rs 2,580 crore, were signed under the Buy-Indian category with 70 per cent indigenous content, with the project approved by Defence Minister Rajnath Singh and Finance Minister Nirmala Sitharaman. The six Pinaka regiments will be operationalised along the Northern and Eastern Borders of the country by 2024, further enhancing the operation preparedness of the Armed Forces.

Key Takeaways:

  • The government has signed contracts worth Rs 2,580 crore to supply six Army regiments with Pinaka missiles.
  • The contracts were signed with Tata Power Company Limited (TPCL), Larsen & Toubro (L&T), and Bharat Earth Movers Ltd (BEML) under the Buy-Indian category with 70 per cent indigenous content.
  • The project was approved by Defence Minister Rajnath Singh and Finance Minister Nirmala Sitharaman.
  • The induction of these six regiments is planned by 2024.
  • The six Pinaka regiments will comprise 114 Launchers with Automated Gun Aiming & Positioning System (AGAPS) and 45 Command Posts to be procured from TPCL and L&T, and 330 Vehicles to be procured from BEML.
  • The Pinaka multiple launch rocket system has been designed and developed indigenously by the Defence Research and Development Organisation (DRDO).
  • The Tata Group and L&T had bagged the first order to produce the Pinaka multi-barrel rocket launcher back in 2006.
  • The project aims to enable 'Aatmanirbharta' (self-reliance) in cutting-edge defence technologies.

Statistics:

  • Rs 2,580 crore: Total value of contracts signed with Tata Power Company Limited, Larsen & Toubro, and Bharat Earth Movers Ltd.
  • 70 per cent: Indigenous content in the contracts.
  • 6: Number of Army regiments to be supplied with Pinaka missiles.
  • 114: Number of Launchers with Automated Gun Aiming & Positioning System (AGAPS).
  • 45: Number of Command Posts.
  • 330: Number of Vehicles to be procured from Bharat Earth Movers Ltd.
  • 2024: Induction of six Pinaka regiments.

Sources:

  • Defence Ministry statement
  • Tata Power Company Limited
  • Larsen & Toubro
  • Bharat Earth Movers Ltd
  • Defence Research and Development Organisation (DRDO)
  • IE Online Media Services Pvt. Ltd.