financetom
Economy
financetom
/
Economy
/
PM Modi inaugurates India's first private sector howitzer gun-making unit
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PM Modi inaugurates India's first private sector howitzer gun-making unit
Jan 20, 2019 6:28 AM

Prime Minister Narendra Modi on January 19 inaugurated the Armoured Systems Complex of Larsen and Toubro in Gujarat, the first private facility in the country where the K9 Vajra self-propelled Howitzer guns will be manufactured.

Share Market Live

NSE

L&T had in 2017 won the Rs 4,500-crore contract from the Ministry of Defence to supply 100 units of K9 Vajra-T 155 mm/52 calibre tracked self-propelled gun systems to the Indian Army under the Centre's 'Make in India' initiative.

The company has set up the Armoured Systems Complex at Hazira, around 30km from Surat, to manufacture and integrate advanced armoured platforms, such as self-propelled artillery Howitzers, future infantry combat vehicles, future-ready combat vehicles and future main battle tanks.

The manufacturing complex is executing the 'K9 Vajra-T 155 mm/52-caliber tracked self-propelled Howitzer guns' programme.

K9 Vajra contract involves delivery of 100 such systems in 42 months, which is the largest contract awarded to a private company by the Ministry of Defence.

L&T had signed a transfer of technology contract for guns with South Korean company Hanwha Corporation.

Defence Minister Nirmala Sitharaman was also present at the inauguration on January 19.

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 >
Coltala eyes water 'moonshot' as booming Dallas-Fort Worth growth raises the stakes [The Dallas Morning News]
Coltala eyes water 'moonshot' as booming Dallas-Fort Worth growth raises the stakes [The Dallas Morning News]
Sep 15, 2025
Crises, it's often said, create their own opportunities and with a buoyant regional economy, North Texas currently has no shortage of the latter. Yet booming growth is running headlong into the reality of scarce resources primarily water. Unless something changes, current supplies won't be able to satisfy multiplying demand associated with the relentless buildout of data centers, a soaring population...
Over half of US healthcare workers plan to switch jobs by next year, survey finds
Over half of US healthcare workers plan to switch jobs by next year, survey finds
Sep 15, 2025
By Mrinalika Roy (Reuters) -More than half of U.S. healthcare workers are actively looking to leave their current jobs, according to a new survey, underscoring mounting pressure on an already strained system. The Harris Poll, commissioned by education services company Strategic Education, surveyed 1,504 frontline healthcare employees and 304 employers between June 26 and July 21 this year and found...
US Dollar Falls Early Monday; Focus on FOMC This Week
US Dollar Falls Early Monday; Focus on FOMC This Week
Sep 15, 2025
08:06 AM EDT, 09/15/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Monday as the focus turns to the Federal Open Market Committee's two-date rate policy setting meeting, which concludes Wednesday. Monday's schedule is light, with only the New York Federal Reserve's Empire State manufacturing survey for September at 8:30 am ET. Tuesday's highlights include...
Coltala eyes water 'moonshot' as booming Dallas-Fort Worth growth raises the stakes [The Dallas Morning News]
Coltala eyes water 'moonshot' as booming Dallas-Fort Worth growth raises the stakes [The Dallas Morning News]
Sep 15, 2025
Crises, it's often said, create their own opportunities and with a buoyant regional economy, North Texas currently has no shortage of the latter. Yet booming growth is running headlong into the reality of scarce resources primarily water. Unless something changes, current supplies won't be able to satisfy multiplying demand associated with the relentless buildout of data centers, a soaring population...
Copyright 2023-2026 - www.financetom.com All Rights Reserved