BDL signs Rs 471.41 cr contract with Indian Army for refurbishment of IGLA-1M missiles Hyderabad, Dec 2 (UNI) Bharat Dynamics Limited (BDL) has signed a contract worth Rs 471.41 crore with the Indian Army for Refurbishment of IGLA -1M missiles.
After the Refurbishment, a fresh lease of life will be given to the missile for a period of ten years, Hyderabad-based BDL said in a release here on Thursday.The Contract was signed at New Delhi on Wednesday. The Company, in addition to carrying out refurbishment, deals with manufacture and supply of Guided Missiles and associated equipment, Underwater Weapon Systems, Airborne Weapon Systems, Ground Support Equipment and product life cycle support.
In order to give momentum to its efforts towards self-reliance, BDL has also built-up its inhouse R&D capabilities primarily focussing on design & engineering activities. The Company is leveraging emerging technologies like Artificial Intelligence (AI) to develop futuristic weapons for the Armed Forces. To tap the export potential of its products, BDL has forayed into the international market by offering its exportable products to friendly foreign countries. The Company has already exported Torpedoes to a friendly foreign country in the past. BDL is also receiving leads from several countries for its products. To upgrade its technological capability, BDL has made a paradigm shift in its manufacturing processes by leveraging niche technologies, adopting practices like industry 4.0, and operating latest Surface Mounted Devices assembly lines.
These have proved to be some of the enablers for the Company to contribute towards making the nation ‘Atmanirbhar’ (self-reliant) in the Defence sector and also to export its ‘Made in India’ products to friendly foreign nations.
To further take this forward, BDL has also taken up several initiatives to be a part of the global supply chain by entering into MoUs / agreements with foreign Original Equipment Manufacturers. The Company, as a part of its expansion plans, is setting up a new unit at Jhansi in the UP Defence Corridor, which will be its sixth manufacturing unit and first one in Northern India. Prime Minister Narendra Modi laid the foundation stone for the new unit last month, where BDL will be manufacturing Propulsion System which will be used in all Anti-Tank Guided missiles and futuristic missiles manufactured by the Company,