Tata Power SED bags Rs 1,200 crore contract from the Ministry of Defence for supply of ship-borne 3D Air Surveillance Radars
Deepthi | Myequity news | Date : 22-03-2019 11:35:00 IST
Tata Power Strategic Engineering Division (Tata Power SED) today announced the signing of an important deal with the Ministry of Defence, Government of India, to supply 23 ship-borne 3D Air Surveillance Radars to the Indian Navy over the next 10 years.
The contract, estimated value is about INR 1200 crore, was signed under the Buy & Make (India) category of the Defence Procurement Procedure (DPP) 2013 that will be offering the Indian Navy a proven solution, with a production arrangement in India under Transfer of Technology (ToT) and thereby furthering substantive self-reliance for India’s defence requirements.
The contract will be executed by Tata Power SED as the prime contractor with foreign OEM (Original Equipment Manufacturer) partner Indra Sistemas, Spain.
Tata Advanced Systems Ltd. (TASL) has entered into an SPA with Tata Power for purchase of Tata Power SED, subject to regulatory and other approvals.
In November 2017, Tata Power SED had signed a contract with the Ministry of Defence for the supply of Portable Diver Detection Sonar (PDDS) for Indian Naval applications. This Contract was also part of “Make in India” initiative and the second contract under the MoD procurement category “Buy and Make (India)” signed by MoD. Tata Power SED partnered with DSIT Solutions Limited, Israel for the delivery of PDDS Systems under a ToT arrangement for DSIT’s PointShieldTM PDDS. For Diver Detection Sonar, this was one of the largest orders in the world market.
About Tata Power:
Tata Power is India’s largest integrated power company and, together with its subsidiaries & jointly controlled entities, has an installed capacity of 10757 MW. A pioneer in the field, it has a presence across the entire power value chain: Generation of renewable as well as conventional power including hydro and thermal energy; transmission & distribution, trading and coal & freight logistics.