Kalyani Rafael Advanced Systems has secured an order worth Rs 287.51 crore to supply missile systems
- In Reports
- 07:29 PM, Aug 28, 2023
- Myind Staff
Kalyani Rafael Advanced Systems Pvt Ltd, a notable player in the defense sector, has made headlines with its recent achievement of securing a substantial order worth Rs 287.51 crore from the Indian defense ministry. The order is directed towards the supply of missile systems, marking a significant milestone in India's ongoing efforts to bolster its defense capabilities.
This development underscores the collaborative efforts of Kalyani Strategic Systems Ltd, a wholly-owned defense subsidiary of Bharat Forge Ltd, and Israel's Rafael Advanced Systems Ltd. The joint venture between these two entities has garnered attention for its dedication to advancing defense technology and contributing to India's defense modernization endeavors.
According to a regulatory filing by Bharat Forge, the parent company of Kalyani Rafael Advanced Systems Pvt Ltd, the order's execution is expected to be carried out over the course of the next 12 months. The specified value of the order, amounting to Rs 287.51 crore, includes all applicable taxes. This order not only highlights the company's competence in missile system development and supply but also signifies its pivotal role in the defense ecosystem.
The collaboration between Kalyani Strategic Systems Ltd and Rafael Advanced Systems Ltd is a testament to the synergistic approach adopted by these entities. It reflects the increasing focus on indigenous defense manufacturing and technological innovation to meet the nation's defense requirements.
The establishment of Kalyani Strategic Systems Ltd. as a flagship company within the Bharat Forge group underlines the company's proactive stance in the defense sector. This subsidiary was formed with the explicit intent of driving the group's defense-related initiatives, consolidating its position as a key contributor to India's defense infrastructure.
As India continues to prioritize self-sufficiency and technological advancement in defense, strategic collaborations and successful endeavors like this order from Kalyani Rafael Advanced Systems Pvt Ltd serve as crucial stepping stones. The infusion of advanced missile systems and cutting-edge defense technologies holds the potential to not only enhance India's defense capabilities but also contribute to the overall growth and technological prowess of the nation's defense sector.
Image source: ET
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