Tata Power SED secures Rs 1,200 cr contract from Ministry of Defence
The estimated value of the contract is around Rs 1,200 crore
The Tata Power Strategic Engineering Division (Tata Power SED), a division of Tata Power Company, has signed a contract with the Ministry of Defence, government of India, for modernisation of infrastructure of 37 Airfields of the Indian Air Force, the Indian Navy and the Indian Coast Guard.
The estimated value of the contract is around Rs 1,200 crore. The work involves supply, installation and commissioning of modern airfield equipment like Cat II Instrument Landing System and Cat II Airfield Lightning System along with other Navigational Aids and Air Traffic Management system, besides creating the required civil and electrical infrastructure.
The contract has to be executed over a period of next four years.
In March 2011, Tata Power SED had obtained from the Ministry of Defence a contract for around Rs 1,220 crore for modernisation of 30 airfields and successfully executed the same.
The above contract is continuation of the previous order with additional 37 airfields undergoing modernisation which will provide control of airfield systems to air traffic controllers enhancing aerospace safety and operational capability by facilitating operations in poor visibility and adverse weather conditions.
Tata Power is in the process of selling its defence business, Tata Power SED, to Tata Advanced Systems (TASL) through a Scheme of Arrangement.
The transfer of the business to TASL is already approved by NCLT and expected to be completed once regulatory and other routine approvals are received.