Army procures drones, Tata wins ₹1500 crore contract
after close1 source ↓written by the desknot a recommendation
- contract
- ₹1500 crore
- TASL will supply
- 64%
- 850 drones
The Army has accelerated its procurement of one-way attack drones, with Tata Advanced Systems Limited (TASL) emerging as the lowest bidder for a ₹1500 crore contract. TASL will supply 64% of the 850 drones, with deliveries expected within six months. This marks a significant step in modern warfare capabilities, following the use of similar systems in recent conflicts.
The fast-track procurement process highlights the urgency in enhancing defense capabilities, which may positively impact related defense stocks and sectors.
Not investment advice. For informational purposes only.