Indian Army awards ₹500 cr drone contract to defence PSU
pre-market1 source ↓written by the desknot a recommendation
- contract to Pune-based
- ₹500 crore
The Indian Army has awarded a ₹500 crore contract to Pune-based defence PSU Munitions India Limited for the manufacturing and supply of advanced drones. This initiative aims to enhance indigenous defence capabilities and is expected to significantly impact the local defence ecosystem by fostering collaboration with private players.
The contract focuses on loitering munitions, reflecting the Army's commitment to bolstering domestic production under emergency procurement powers initiated after Operation Sindoor.
Not investment advice. For informational purposes only.