Defence Ministry Signs Rs 4,666 Crore Contracts for Carbines and Torpedoes, Boosting Stocks
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Defence Ministry Signs Rs 4,666 Crore Contracts for Carbines and Torpedoes, Boosting Stocks

India's Ministry of Defence has signed contracts totaling Rs 4,666 crore for battle carbines and torpedoes, boosting defense stocks. Bharat Forge secured a Rs 1,667 crore deal for over 4.25 lakh carbines for the Army and Navy, aligning with the 'Aatmanirbhar Bharat' initiative. Additionally, a Rs 1,896 crore contract was awarded to WASS Submarine Systems of Italy for 48 heavyweight torpedoes for Kalvari class submarines, enhancing naval combat capabilities.

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