Hyderabad: Bharat Dynamics Limited (BDL) has signed a contract worth of Rs 1,187.82 crore for supply of Heavy Weight Torpedoes to Indian Navy.
The contract was signed by Mr NP Diwakar, Director (Technical), BDL and Ms Nidhi Chhibber, Joint Secretary & Acquisition Manager (Maritime & Systems), Ministry of Defence, Government of India in New Delhi on Tuesday.
The execution of contract will be in force for the next 42 months. The weapon will be manufactured at BDL Visakhapatnam Unit under collaboration with DRDO.
The Heavy Weight Torpedo or the Varunastra is a ship launched, electrically propelled underwater weapon equipped with one of the most advanced automatic and remote controlled guidance systems.
The weapon system uses its own intelligence in tracing the target, a BDL statement here said on Thursday. (UNI)