Defence Ministry Grants Rs 1,349.95 Crore Contract To Mahindra

The Center has handed over a Rs 1,349.95 crore contract to Mahindra and Mahindra's group firm Mahindra Defence Systems Limited (MDS). Under the contract, Mahindra will produce Anti- Submarine Warfare Defence Suite (IADS) for modern warships for the Indian Navy. "This contract once again epitomizes the success of the Atmanirbhar Bharat initiative," MDS Chairman SP Shukla said. Besides, 14 IADS will be supplied for Indian Navy warships by Mahindra Defence.