MoD inks Rs 4,106 crore contracts for GSAT-7C communication satellite and Varunastra Heavy Weight Torpedoes
New Delhi, Oct. 16 -- The Ministry of Defence has signed contracts worth a total of approximately Rs 4,106 crore for the acquisition of a dedicated communication satellite capability, GSAT-7C for the Indian Air Force, and Varunastra Heavy Weight Torpedoes for the Indian Navy.
The contract for GSAT-7C, valued at Rs 2,563 crore, was inked with New Space India Limited, Bengaluru. This indigenously designed, developed & manufactured satellite will enhance the secure, resilient & seamless communication capabilities for the assets of the Indian Air Force, thereby strengthening operational effectiveness.
The contract for Varunastra was signed with Bharat Dynamics Limited, Hyderabad worth Rs 1,543 crore. Varunastra is an indigenous ship-launche...
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