Rediff.com  » Business » L&T defence arm bags Pinaka weapons system contract

L&T defence arm bags Pinaka weapons system contract

Source: PTI
Last updated on: September 04, 2020 12:50 IST
Get Rediff News in your Inbox:

Engineering and construction major Larsen & Toubro (L&T) on Friday said its defence arm has received orders from the ministry of defence for the supply of four regiments of Pinaka weapon systems.

"The contract involves supply of Pinaka launchers, battery command posts and associated engineering support package (ESP) for four regiments," L&T said in a regulatory filing.

 

The company did not provide the value of the contracts, but said the orders fall under the “significant” category, which ranges between Rs 1,000 crore and Rs 2,500 crore according to the classification of contracts.

L&T said the Pinaka launch system has been indigenously developed by the company as part of the Pinaka development programme of the Defence Research and Development Organization and functions as a high tech, all-weather, long-range, area fire artillery weapon system.

L&T said it has already executed similar orders from the ministry of defence and supplied two regiments of Pinaka systems earlier.

Shares of L&T were trading 0.97 per cent lower at Rs 951.70 apiece on BSE.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2020 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
SHARE THIS STORY 

Moneywiz Live!