Larsen and Toubro (L&T) on Monday announced that its Precision Engineering & Systems vertical has bagged an order from the Ministry of Defence, Government of India, for the supply of K9 Vajra-T Artillery Platforms to the Indian Army.
K9 Vajra-T, a 155 mm, 52-calibre tracked self-propelled artillery platform adapted from South Korean self-propelled howitzer K9 Thunder, is co-developed by L&T and Hanwha Aerospace, to suit customised requirements of the Indian Army for operations in varied terrains, including deserts, plains and high-altitude regions, the company informed in a regulatory filing.
Also ReadCement industry to witness recovery in H2FY25 amid competitive pricing dynamics; Know more on pricing movement
In 2017, L&T had won the contract for the first batch of 100 K9 Vajra-T platforms through a global competitive bidding and after successful field evaluation. The company had delivered the Vajra Platforms ahead of schedule.
Also Read President Droupadi Murmu gives nod to Bharatiya Vayuyan Vidheyak 2024, replacing 90-year-old Aircraft Act Building LLMs: A strategic necessity Fostering defence ties: Nepali Army chief engages in high-level meetings with COAS General Upendra Dwivedi during India visit Manastu Space Delivers Groundbreaking Green Propulsion System to DRDO, Empowered by TDF Support
“Like the first batch, the second batch of the K9 Vajra-T too will be manufactured at our Armoured Systems Complex at Hazira in Gujarat. The state-of-the-art manufacturing facility was dedicated to the nation by Honourable Prime Minister Shri Narendra Modi in Jan 2019 and it has since been playing a key role in developing and building armoured and artillery platforms in an integrated industrial ecosystem comprising of several MSME partners,” said Arun Ramchandani, Senior VP & Head, L&T Precision Engineering & Systems.
“We are focussed on helping build an Aatmanirbhar Bharat and making India’s defence forces self-reliant with indigenously manufactured equipment,” he added.
According to the company, the value of significant order is between Rs 1000 crore and Rs 2500 crore, large orders are worth Rs 2500 crore- Rs 5000 crore, major orders are in the range of Rs 5000 crore- Rs 7000 crore and mega orders are worth above Rs 7000 crore.
L&T is a multinational company engaged in EPC projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide.
» Read More