Ministry of Defence signs contract worth Rs 5,336 crore with BEL for ammunition manufacturing
The Ministry of Defence (MoD) has signed an agreement with Bharat Electronics Limited (BEL) worth Rs 5,336.25 crore for the procurement of electronic fuzes for the Indian Army. As per BEL the contract will span over the next 10 years and comes under the "Manufacture of Ammunition for Indian Army by Indian Industry" initiative by the central government.
The contract aims to build up the Indian Army's ammunition stocks. BEL will be manufacturing electronic fuzes at its Pune and, eventually, Nagpur plants.
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