On Monday, the Indian Defence Ministry put pen to paper sealing a deal with two leading private defence majors for the development and procurement of Pinaka rocket launchers for six Army regiments at a total cost estimated to be Rs 2,580 crore.
Officials from the Defence Ministry stated that the Pinaka regiments are to be deployed along India’s border with China and Pakistan to improve operational preparedness of the nation’s armed foces. The two companies which have won the contract to develop the launchers are Tata Power Company Ltd (TPCL) and Larsen & Toubro (L&T). Bharat Earth Movers Ltd (BEML) will reportedly, also provide the vehicles upon which the rocket launchers will be mounted.
The deal comes just over a week after the first ever Pinaka rocket launchers exclusively manufactured by the private sector were successfully test fired at a firing range in Pokhran.