Defence ministry inks Rs 6,900 cr deal for procurement of ATAGS, vehicles

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Defence ministry inks Rs 6,900 cr deal for procurement of ATAGS, vehicles - Business Standard

Quick Summary:

The defence ministry on Wednesday inked contracts with the Bharat Forge Ltd and Tata Advanced Systems Ltd for the procurement of advanced towed artillery gun systems (ATAGS) and high mobility gun towing vehicles respectively at a total cost of about Rs 6,900 crore.

With the deals, total contracts worth Rs 1.40 lakh crore have been signed by the ministry for capital procurement till date in the current financial year, according to an official readout.

The 155 mm/52 calibre ATAGS will replace the vintage and smaller calibre guns and enhance the artillery capabilities of the Indian Army, the defence ministry said.