Defence Acquisition Council approves Acceptance of Necessity for three capital acquisition proposals - two of Indian Army & one of Indian Navy - worth Rs 4,276 crore
A meeting of Defence Acquisition Council (DAC), held on January 10, 2023 under the chairmanship of Raksha Mantri Shri Rajnath Singh, accorded Acceptance of Necessity (AoN) for three capital acquisition proposals, amounting to Rs 4,276 crore.
Defence Acquisition Council approves three capital acquisition proposals
NEW DELHI- A meeting of Defence Acquisition Council (DAC), held on January 10, 2023 under the chairmanship of Raksha Mantri Shri Rajnath Singh, accorded Acceptance of Necessity (AoN) for three capital acquisition proposals, amounting to Rs 4,276 crore. All the three proposals - two of the Indian Army and one of the Indian Navy - are under the Buy (Indian-IDDM) category.
The DAC accorded AoN for procurement of HELINA Anti-Tank Guided Missiles, launchers and associated support equipment which will be integrated to the Advanced Light Helicopter (ALH). This missile is an essential part of weaponisation of ALH for countering enemy threat. Its induction will strengthen the offensive capability of Indian Army.
The DAC also accorded AoN for procurement of VSHORAD (IR Homing) missile system under design and development by DRDO. In view of the recent developments along the Northern borders there is a need to focus on effective Air Defence (AD) weapon systems which are man portable and can be deployed quickly in rugged terrain and maritime domain. Procurement of VSHORAD, as a robust and quickly deployable system, will strengthen the Air Defence capabilities.
Further, the DAC granted approval for procurement of Brahmos Launcher and Fire Control System (FCS) for the Shivalik class of ships & Next Generation Missile Vessels (NGMVs) for Indian Navy. With their induction, these ships would have enhanced capability of carrying out maritime strike operations, interdicting and destroying enemy’s warships and merchant vessels.
Read Also : Minister Pralhad Joshi Flags Off 10 Battery-Operated Vehicles at Jagannath TempleNews Must Read
- GAIL signs 10 year agreement with ADNOC Gas
- Hindustan Aeronautics Q2 Results: Net profit increases by 22%, revenue jumps 6%
- NBCC Q2 results, Net Profit rises 53% to Rs 122 Crore
- NBCC Appoints Anjeev Kumar Jain as New CFO
- NALCO shares gains over 4% with strong Q2 results, PSU stock declares dividend
- NALCO Q2 FY25 results: Net Profit zooms, announced dividend
- MRPL Receives Special Award at Energy Technology Meet
- GRSE announced Q2 & H1 FY25 Results
- DBS Bank India CEO To Retire
- SBI, HDFC Bank and ICICI continue as RBI's Systemically Important Banks