What Happened
TASL And NIBE To Enhance Army Precision Strike Capability
The Indian Ministry of Defence has signed contracts worth ₹1,577 crore with Tata Advanced Systems Ltd and NIBE Ltd for the procurement of loiter munition systems. The procurement aims to enhance the Indian Army’s precision-strike capability at ranges of up to 100 km. The contracts, signed under the ‘Buy Indian’ category, provide for 60% overall indigenous content. The equipment is scheduled to be delivered within 12 months from the date of advance payment. This development was reported by The Hindu.