Deals14 Mar 2024, 02:38 pm
Ministry of Defence Signs Two Contracts with Hindustan Aeronautics Ltd Worth Rs 8073.17 Crore for 34 Advanced Light Helicopters (ALH) Dhruv Mk III
AI Summary
The Ministry of Defence signed two contracts with Hindustan Aeronautics Ltd for the acquisition of 34 Advanced Light Helicopters (ALH) Dhruv Mk III for the Indian Army and Indian Coast Guard. The combined value of these contracts amounts to Rs 8073.17 crore. This move towards indigenization in defence manufacturing is expected to generate significant employment opportunities and involve more than 200 MSMEs and 70 local vendors.
Key Highlights
- Ministry of Defence signs contracts for acquisition of 34 Advanced Light Helicopters (ALH) Dhruv Mk III for Indian Army and Indian Coast Guard
- Combined value of the contracts amounts to Rs 8073.17 crore
- Deal marks a significant move towards indigenization in defence manufacturing
- Project to generate significant employment opportunities
- Involvement of more than 200 MSMEs and 70 local vendors