Indian Govt. to grant preliminary approval to 3 major indigenous defence projects worth Rs 1.4 Lakh Cr

As per a new report by Times of India, Indian Governments is set to give preliminary approval to three mega indigenous defence projects which together will be worth around Rs 1.4 lakh crore.

The three projects include:

  • Manufacturing of another aircraft carrier (IAC-II) worth Rs 40000 crore approx.
  • 97 more Tejas MK1A fighters worth Rs 55000 crore approx.
  • 156 Prachand light combat helicopters worth Rs 45000 crore  approx.

Further, as per the report, Defence Acquisitions Council (DAC) is likely to take up the AoN (acceptance of necessity) for the three projects at a meeting slated on Nov 30.

It is most likely that Hindustan Aeronautics (HAL) will be receiving the contracts for 97 Tejas MK1A and 156 LCH (totaling Rs 1 lakh crore) and Cochin Shipyard is likely to receive the contract for the next aircraft carrier also.

While, Bharat Electronics Limited (BEL) along with Data Patterns and Astra Microwave would also be the beneficiaries in supplying electronic systems, sub-systems.