Source: Economic Times of India
Maritime News
Mahindra & Mahindra Ltd on Friday said group firm, Mahindra Defence Systems Limited (MDS) has bagged a contract worth Rs 1,349.95 crore for manufacturing of Integrated Anti-Submarine Warfare Defence Suite (IADS) for modern warships of Indian Navy from the Indian government. Competitive bids from Indian companies were invited by the Ministry of Defence (MoD) through open tender wherein the systems fielded were put through detailed trials at sea to prove their capability, Mahindra & Mahind said in a regulatory filing.
Mahindra Defence would be supplying 14 IADS systems for the Indian Navy warships, it added.
Commenting on the development, Mahindra Defence Systems Ltd Chairman SP Shukla said, “It is the first major contract with the private sector meant for underwater detection and protection from threats. This contract once again epitomises the success of the Atmanirbhar Bharat initiative.”
IADS is high-end underwater equipment that uses the latest technology along with a complex array of sensors, designed to detect and protect warships from underwater threats, the company said.
“This advanced technology system is the first of its kind being developed by an Indian company for the Indian Navy,” Mahindra Defence said.
It is a versatile system capable of operations from all sizes of warships – small, medium, and large, it added.
Read more: Mahindra Press Release – 27th August 2021
About Mahindra Defence
Mahindra Defence Limited is engaged in catering to needs of all three wings of the defence forces –Army, Navy and Airforce. Our product range includes armoured vehicles, underwater warfare equipment, radars and surveillance equipment, etc. Through our Land Systems unit we have been supplying customized armoured vehicles to the Indian Army, Para Military and Police Forces as well as the overseas customers. Naval Systems unit based in Pune has been supplying torpedo defence systems, decoy & torpedo launchers, and large composite structures for defence as well as space applications. We are also engaged in defence electronics through our subsidiary, a JV with Telephonics Corp, USA.
About Mahindra
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership positionin farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.
The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.
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