Defence ministry inks ₹5,000 crore deal with PSU

Dec 17 2023 12:51 PM IST
share
Share Via
Electronic fuzes are an integral component of medium to heavy calibre artillery guns. They provide sustained long-range firepower for military operations. Fuzes will be used in artillery guns capable of lethal engagements in various kinds of terrain including high-altitude areas along the northern borders with China.

New Delhi: Thedefence ministryon Friday inked a major Rs 5,336 croredealwith defence PSU Bharat Electronics for procurement of electronic fuzes for the artillery guns of the Army as part of the long-term requirement of 10 years.Electronic fuzes are an integral component of medium to heavy calibre artillery guns that provide sustained long-range firepower for military operations.“The fuzes, which will be manufactured by BEL at its Pune and upcoming Nagpur plants, will be used in artillery guns capable of lethal engagements in various kinds of terrain including high-altitude areas along the northern borders (with China),”a defence ministry official said.“The aim of the project is to build up ammunition stocks to minimize imports, achieve self-sufficiency in ammunition manufacturing, obtain critical technologies and secure stock affected by supply chain disruptions,” he added. tnn

Mojo Stocks - The Top 1% Picks across Markets

Top 10 Large Cap Mid Cap Small Cap
{{col.header}}
Latest
OPEN CALL
CLOSED CALL
{{s[col.key]}} {{s.change_value}}
{{ s.score.value }} - {{ s.score.call_type }}
{{ s.dot_summary.score }} - {{ s.dot_summary.scoreText }}
{{s[col.key]}} {{col.extra}}

Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News