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Decks cleared for Rs 4,500-crore artillery contract

L&T and Hanwa Techwin will gain approximately 50 per cent each of the contract

defence, artillery
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Ajai Shukla New Delhi
On Friday, the Cabinet Committee on Security (CCS) cleared the Rs 4,500-crore acquisition of 100 tracked, self-propelled guns that will be manufactured in India by Larsen & Toubro (L&T), in partnership with South Korea’s Hanwa Techwin.
 
This acquisition proposal, which the army regards as crucial for equipping its strike corps with tracked guns that can keep pace with fast armoured spearheads, had already come up before the CCS on Wednesday. However, the matter was postponed because of a lack of quorum -— the minimum required five ministers were not present at the meeting.
 
Now, with the CCS sanction