Indian Army's ₹1,600 cr drone procurement led by TASL, Nibe
pre-market1 source ↓written by the desknot a recommendation
- tender for 840
- ₹1,600 crore
- of the munitions
- 64%
- worth
- 36 jet-based propulsion systems
- is anticipated soon
- ₹1,500 crore
The Indian Army is set to enhance its combat capabilities through a ₹1,600 crore tender for 840 loitering munitions, with Tata Advanced Systems Ltd (TASL) and Nibe Ltd emerging as the lowest bidders. TASL will supply 64% of the munitions, while a new tender for 36 jet-based propulsion systems worth around ₹1,500 crore is anticipated soon. This move aims to diversify the unmanned systems industry.
Not investment advice. For informational purposes only.