Kanpur based MKU Limited has executed a defence contract with Carabineros of Chile for 11,700 Ballistic Helmets with accessories worth US$ 7.2 million. The Indian company which is the only one exporting to the LAC region is expected to sign a contract extension worth US$ 2.1 million shortly.
Diplomatic sources have confirmed to Financial Express Online on Wednesday that “The Kanpur based MKU has also signed an agreement for joint manufacturing with FAMAE, Chile for armour products and electro optic devices.”
Larsen & Tourbo (L&T) Shipbuilding enters Chile
In the first-ever, on Tuesday, February 23, 2021, the Chilean Navy Ship Janequeo, built by Indian company Larsen and Toubro Ltd., sailed into Valparaíso Harbour.
The Indian Mission in Chile tweeted that USD 11.5 million contract for the twin-screw ‘Anchor Handling, Towing, Supply and Standby Vessel’ (AHTSSV), with hybrid propulsion and dynamic positioning system, was awarded to L&T by Chile in March 2020.
As reported by Financial Express Online first, in March 2020, the Chilean Navy acquired an Anchor Handling Towing Supply and Standby Vessel (AHTSSV) ocean support vessel for a value of USD 11.5 million.
As reported earlier, this unit was part of an order for the supply of four supply vessels (PSVs) and two vessels which specialise in towing and anchoring of offshore platforms (AHTSSV) in 2013 by Halul Offshore Services Co. WLL (HOSC) from Qatar to L&T Shipbuilding.