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Business EconomyPosted at: Mar 22 2019 12:52PM


Tata Power SED bags Rs 1,200 cr contract from MoD

Mumbai, Mar 22 (UNI) Tata Power Strategic Engineering Division (Tata Power SED) on Friday announced the signing of an important deal with the Ministry of Defence, to supply 23 ship-borne 3D Air Surveillance Radars to the Navy over the next 10 years.
The contract, estimated at about Rs 1,200 crore, was signed under the Buy & Make (India) category of the Defence Procurement Procedure (DPP) 2013 that will be offering the Navy a proven solution, with a production arrangement in the country under Transfer of Technology (ToT) and thereby furthering substantive self-reliance for India's defence requirements, Tata power said in a filing with BSE.
The contract will be executed by Tata Power SED as the prime contractor with foreign OEM (Original Equipment Manufacturer) partner Indra Sistemas, Spain.
Tata Advanced Systems Ltd. (TASL) 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 Limited, Israel for the delivery of PDDS Systems under a ToT arrangement for DSIT's PointShie-PDDS.
For Diver Detection Sonar, this was one of the largest orders in the world market.
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