Project Akashteer: Defence Ministry inks Rs 2,400 cr deal with Bharat Electronics

In yet another boost to self-reliance in defence sector, the Ministry of Defence on Wednesday signed three contracts -- two with Bharat Electronics Limited (BEL), Ghaziabad and one with New Space India Limited (NSIL) -- at a total cost nearly Rs 5,400 crore, to bolster the defence capabilities of the country.

According to the Ministry of Defence, the first contract with BEL pertains to the procurement of the Automated Air Defence Control and Reporting System 'Project Akashteer' worth Rs 1,982 crore for the Indian Army.

The second contract with BEL relates to the acquisition of Sarang Electronic Support Measure (ESM) systems along with the associated Engineering Support Package from BEL, Hyderabad at an overall cost of Rs 412 crore for the Indian Navy.

The contract with NSIL, a Central Public Sector Enterprise under the Department of Space, Bengaluru pertains to the procurement of an advanced Communication Satellite, GSAT 7B, which will provide High Throughput Services to the Indian Army at an overall cost of Rs 2,963 crore, said the Defence Ministry statement.

Also Watch: SC directs Defence Ministry to withdraw communication on payment of OROP arrears in installments