New Delhi, Oct. 15 -- The Ministry of Defence on Thursday signed contracts worth approximately Rs 4,106 crore for an indigenous communication satellite for the Indian Air Force (IAF) and Varunastra heavyweight torpedoes for the Indian Navy, strengthening military communications and underwater warfare capabilities.
The contract for the GSAT-7C communication satellite, valued at Rs 2,563 crore, was signed with NewSpace India Limited (NSIL), Bengaluru, while the Rs 1,543-crore contract for Varunastra heavyweight torpedoes was awarded to Bharat Dynamics Limited (BDL), Hyderabad. The agreements were signed in New Delhi in the presence of Additional Secretary and Director General (Acquisition) A Anbarasu.
The indigenously designed, developed an...