financetom
Business
financetom
/
Business
/
L&T defence arm bags govt contract for supply of Pinaka Weapon Systems
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
L&T defence arm bags govt contract for supply of Pinaka Weapon Systems
Sep 4, 2020 3:20 AM

Engineering and construction major Larsen & Toubro (L&T) on Friday said its defence arm has received orders for the Indian Ministry of Defence (MoD) for the supply of four regiments of Pinaka Weapon Systems. ”The contract involves supply of Pinaka launchers, battery command posts and associated engineering support package (ESP) for four regiments,” L&T said in a regulatory filing.

The company did not provide the value of the contracts but said the orders fall under the significant category, which ranges between Rs 1,000 crore and Rs 2,500 crore according to the classification of contracts.

L&T said the Pinaka launch system has been indigenously developed by the company as part of Pinaka development program of Defence Research and Development Organization and functions as a high-tech, all-weather, long-range, area fire artillery weapon system.

L&T said it has already executed similar orders from the Ministry of Defence and supplied two regiments of Pinaka systems earlier. Shares of L&T were trading 0.97 per cent lower at Rs 951.70 apiece on BSE.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Nasdaq Insider Sold Shares Worth $340,880, According to a Recent SEC Filing
Nasdaq Insider Sold Shares Worth $340,880, According to a Recent SEC Filing
Jun 9, 2025
04:07 PM EDT, 06/09/2025 (MT Newswires) -- PC Nelson Griggs, President, Capital Access Platforms, on June 06, 2025, sold 4,000 shares in Nasdaq (NDAQ) for $340,880. Following the Form 4 filing with the SEC, Griggs has control over a total of 207,405 common shares of the company, with 207,405 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1120193/000095017025083689/xslF345X05/ownership.xml ...
Emcor Group Insider Sold Shares Worth $364,155, According to a Recent SEC Filing
Emcor Group Insider Sold Shares Worth $364,155, According to a Recent SEC Filing
Jun 9, 2025
04:08 PM EDT, 06/09/2025 (MT Newswires) -- Jason R Nalbandian, Senior Vice President, CFO, Chief Accounting Officer, on June 06, 2025, sold 750 shares in Emcor Group ( EME ) for $364,155. Following the Form 4 filing with the SEC, Nalbandian has control over a total of 18,173 common shares of the company, with 18,173 shares held directly. SEC Filing:...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Sezzle Insider Sold Shares Worth $913,675, According to a Recent SEC Filing
Sezzle Insider Sold Shares Worth $913,675, According to a Recent SEC Filing
Jun 9, 2025
04:10 PM EDT, 06/09/2025 (MT Newswires) -- Amin Sabzivand, Chief Operating Officer, on June 05, 2025, sold 7,316 shares in Sezzle ( SEZL ) for $913,675. Following the Form 4 filing with the SEC, Sabzivand has control over a total of 244,074 common shares of the company, with 244,074 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1662991/000166299125000130/xslF345X05/wk-form4_1749499284.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved