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Sunday, August 09, 2015

Defence ministry to clear Rs 5,000-crore procurement contract for 'Made in India' Akash missile systems

Akash SAMThe defence ministry is set to clear a Rs 5,000 crore procurement of 'Made in India' Akash missile systems for the air force in a contract that will involve significant private sector participation, with companies like Tata Power SED and Larsen & Toubro likely to get major work portions.

An air force plan to induct seven squadrons of the Akash anti-air missile systems has been cleared at several levels and is likely to get a final approval from the high-powered defence acquisition committee shortly, sources told ET. Fourteen firing units of the missile will be bought for the seven squadrons.

While state-run Bharat Electronics Ltd will be given the main contract under a 'repeat order' - the air force has already contracted for eight squadrons of the missile systems out of which two have been inducted - the major system providers include Electronics Corporation of India, Hindustan Aeronautics, Tata Power SED and L&T, defence ministry officials told ET.

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