Defence Ministry Signs Rs 802 Crore Contract For Military Equipment
Utkarsh Classes
Last Updated
05-01-2024
Defence
3 min read
The Defence Ministry of the Government of India has signed contracts worth approximately Rs 802 crore to purchase military equipment. The Ministry of Defence has signed this contract to purchase military equipment with many companies.
- A contract worth Rs 473 crore was signed with Jupiter Wagons Limited for Bogie Open Military Wagons.
- A contract worth Rs 329 crore was signed with BEML Limited to procure Mechanical Minefield Marking Equipment.
- Bogie Open Military Wagons are special wagons used by the Indian Army to transport military units.
- They transport light vehicles, armoured vehicles and engineering equipment to operational areas.
- According to the Ministry of Defence, this military equipment was made under the Indian procurement category. This will promote indigenous manufacturing and help in realizing the vision of a self-reliant India.
About Bharat Earth Movers Limited (BEML):
- BEML is a leading manufacturer of heavy earth-moving equipment in Asia.
- BEML Limited is an Indian public sector company under the Ministry of Defence, Government of India.
- BEML is a Mini Ratna Category – I Public Sector Undertaking.
About Jupiter Wagons Limited:
- It is a private company whose headquarters is located in Kolkata.
- Established on 27th July 2006
- This company manufactures goods train coaches and passenger coaches for Indian Railways and does casting manufacturing. This year, Jupiter Wagons Limited Company has received many big orders. Since then, the share price of this company has increased significantly.
Procurement Process of Military Equipment of Defence Ministry:
- Defence Minister Rajnath Singh unveiled the draft Defence Procurement Procedure (DPP) 2020.
- DPP aims to increase indigenous manufacturing and reduce the time frame for procurement of defence equipment.
FAQ
Answer:- Rs 802 crore
Answer:- Jupiter Wagons Limited and Bharat Earth Movers Limited (BEML)
Answer:- Bharat Earth Movers Limited (BEML).
Answer:- Signed a contract worth Rs 473 crore with Jupiter Wagons Limited.
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