L&T signs pact with Hanwha Techwin to manufacture weapons for Indian Army1 min read . Updated: 21 Apr 2017, 11:58 AM IST
Larsen & Toubro and Hanwha Techwin sign a contract for execution of the 155mm/ 52 cal tracked self propelled gun program for the Indian army
New Delhi: Engineering major Larsen & Toubro has signed a contract with South Korea’s Hanwha Techwin (HTW) for the supply of self propelled guns for the Indian army.
Larsen & Toubro and Hanwha Techwin signed a contract for execution of the 155mm/ 52 cal tracked self propelled gun program for the Indian army, the company said in a BSE filing on Friday.
Larsen was the sole qualified bidder based on the trials and performance of the K9 VAJRA-T gun, customised by L&T with HTW as the technology partner.
“L&T plans to begin production of this vital weapon system at its Strategic Systems Complex at Talegaon near Pune in Maharashtra and deliver the first batch of 10 guns," Jayant Patil, Head of Defence and Aerospace and Member of Heavy Engineering Board at L&T, said.
The K9 VAJRA-T is an enhanced version of HTW’s K9 Thunder, to suit specific requirement of Indian army including desert operations. L&T shall not only manufacture K9 VAJRA-T in India, with over 50% indigenous content, but also provide through life support from India, the company said.
Shares of L&T were trading 0.71% higher at Rs1,693 apiece on BSE on Friday at 11.45am.