Tata Power SED bags Rs 1,200 crore contract from the Ministry of Defence
Contract signed under the Buy & Make (India) category
Tata Power Strategic Engineering Division (Tata Power SED) has signed an important deal with the Ministry of Defence to supply 23 ship-borne 3D air surveillance radars to the Indian Navy over the next 10 years.
The contract, estimated value is about Rs 1200 crore, was signed under the Buy & Make (India) category of the Defence Procurement Procedure (DPP) 2013 that will offer the Indian Navy a proven solution, with a production arrangement in India under Transfer of Technology (ToT) and thereby furthering substantive self-reliance for India’s defence requirements.
The contract will be executed by Tata Power SED as the prime contractor with foreign OEM partner Indra Sistemas, Spain.
Tata Advanced Systems has entered into an SPA with Tata Power for purchase of Tata Power SED, subject to regulatory and other approvals.
In November 2017, Tata Power SED had signed a contract with the Ministry of Defence for the supply of Portable Diver Detection Sonar (PDDS) for Indian Naval applications. This contract was also part of “Make in India” initiative and the second contract under the MoD procurement category “Buy and Make (India)” signed by MoD. Tata Power SED partnered with DSIT Solutions, Israel, for the delivery of PDDS systems under a ToT arrangement for DSIT’s PointShieldTM PDDS. For Diver Detection Sonar, this was one of the largest orders in the world market.