MoS inaugurates New Infrastructure at NIFT Mumbai (See 'Corp Brief') Bureau of Energy Efficiency invites Entries for Energy Conservation Awards (See 'Corp Brief') A&C - Mere pendency of formal signature by one party, when other party has signed agreement after reading its terms including arbitration clause, does not prevent parties from being referred to arbitration: HC (See 'Legal Desk') PIB organizes Regional Media Workshop - 'Vartalap' at Konark (See 'Corp Brief') India, Saudi Arabia strengthen Cooperation in Chemicals & Petrochemicals Sector (See 'Corp Brief') PMLA - Secured creditor such as finance company not left without remedy, where properties acquired even prior to scheduled offence period are attached as value equivalent: SAFEMA Tribunal (See 'Legal Desk') UP Chief Minister interacts with National Statistical Commission (See 'Corp Brief') Chouhan visits 'Samanyu Honey' Beekeeping Centre in Punjab (See 'Corp Brief') India strengthens Global Leadership in Spice Standards at 8th Codex Committee (See 'Corp Brief') IBC - Speculative participants driven purely by profit motives can't be permitted to misuse insolvency & bankruptcy code, which is remedial framework conceived for revival and protection of companies: SC (See 'Legal Desk') CCI okays acquisition of Cloud4C Services by Capgemini SE (See 'Corp Brief') DTNBWED and UPBOCWWB join hands to empower Construction Workers through Skill Development (See 'Corp Brief') IBC - IBC has a rehabilitative intent; companies revived through a resolution plan cannot be arbitrarily excluded from government tenders: HC (See 'Legal Desk') Ministry of Labour joins hands with Zomato to strengthen Gig Economy (See 'Corp Brief') Give preference to 'Made in India' products': Chouhan (See 'Corp Brief') A&C - In large-scale infrastructure projects, quantification of actual loss resulting from time overruns is often impracticable, and law does not mandate proof of precise loss if parties have agreed to mechanism of reasonable compensation: HC (See 'Legal Desk') Vaishnaw announces Enhanced Technological Upgrades and New Training Initiatives for RPF (See 'Corp Brief') Ministry of Minority Affairs establishes Centres of Excellence to Promote Heritage and Classical Languages (See 'Corp Brief') Mentorship cum acceleration sessions are arranged for 18 Start-ups (See 'Corp Brief') Joshi to preside over World Standards Day 2025 Celebrations (See 'Corp Brief') A&C - Award granted by arbitral tribunal for interest can't be challenged, just because in agreement between parties, there is no stipulation for awarding interest: HC (See 'Legal Desk') DoPPW to conduct Nationwide Digital Life Certificate Campaign 4.0 (See 'Corp Brief') Kharif sowing area increases by 6.51 lakh hectares: Chouhan (See 'Corp Brief') PM GatiShakti marks 4 years with launch of transformative Initiatives: Goyal (See 'Corp Brief') PC Act - Economic offences require different approach when considering bail, especially where offence involves deep-rooted conspiracy, fraudulent documentation, and abuse of fiduciary positions: HC (See 'Legal Desk') ANRF Executive Council okays move for operationalization of RDI Fund (See 'Corp Brief') MoS participates in 'Recognition Ceremony of Forest Rangers' in Abu Dhabi (See 'Corp Brief') MoS holds interaction on governance innovations with representatives from 19 countries (See 'Corp Brief') Arbitration & Conciliation Act - provisions of Rule 11 of 2021 Rules & Section 18(3) of 2006 Act facilitate arbitration as a means of dispute resolution & merely adopting different routes does not render either process illegal or ultra vires: HC (See 'Legal Desk') Roadmap unveiled for development of 100 GW Nuclear Capacity by 2047 (See 'Corp Brief') CCL launches Special Cover Dedicated to Coal Warriors and Coal India's Legacy (See 'Corp Brief') PMLA - In money laundering case, modus operandi often involves circuitous and opaque ftnancial transactions, making direct evidence inherently difficult to obtain: HC (See 'Legal Desk') From Bharat to Belem: Delhi Declaration Sets Stage for COP30 (See 'Corp Brief') Competition Act - Appropriate application u/s 33 can be sought seeking interim orders in line with interim order previously passed by Competition Commission: HC (See 'Legal Desk') NeGD to join hands with Bharat Taxi (See 'Corp Brief') IPR - Threshold for invoking Sec 48(a) of Patents Act that grants patentee exclusive right to prevent third parties from selling or offering for sale patented product without patentee's consent, is merely 'offer for sale' and not necessarily actual sale: HC (See 'Legal Desk') India, UK commit £24 Million to Drive Research, Innovation, and Global Standards in Telecommunications (See 'Corp Brief') Misc - It is not mandatory for Appellate Court to impose condition for deposit of amount in dispute for grant of stay of execution under Order XLI Rule 5 of CPC: SC (See 'Legal Desk') Yadav chairs High-level Review Meeting on Air Pollution in Delhi NCR (See 'Corp Brief') PMLA - If no case was made out for quashing cognizance order or ED's complaint, appropriate course was to allow statutory process to reach its conclusion through mechanism provided under PMLA: SC (See 'Legal Desk') Union MoS Dr. Pemmasani Chandra Sekhar felicitates IMC award winners (See 'Corp Brief') SARFAESI - Apprehension of urgency or adverse impact on rights of parties due to delay in enforcement does not automatically warrant grant of interim relief or exemption from procedural mandates such as pre-institution mediation u/s 12A: HC (See 'Legal Desk')

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MoD inks Rs 10,147 Cr contracts with EEL, MIL & BEL for rockets

Published: Feb 07, 2025

By TIOLCorplaws News Service

NEW DELHI, FEB 07, 2025: MINISTRY of Defence has inked contracts with Economic Explosive Limited (EEL) and Munitions India Limited (MIL) for the procurement of Area Denial Munition (ADM) Type-1 (DPICM) and High Explosive Pre Fragmented (HEPF) Mk-1 (Enhanced) rockets respectively for PINAKA Multiple Launch Rocket System (MLRS) at a total cost of Rs 10,147 crore. In addition, a contract for upgrades in SHAKTI Software has also been signed with Bharat Electronics Limited (BEL). The contracts were signed in the presence of Defence Secretary Rajesh Kumar Singh in New Delhi on February 06, 2025.

ADM Type-1 of PINAKA MLRS has a specialised warhead to deliver a quantum of sub-munitions over a larger area targeting mechanised forces, vehicles and personnel, thereby denying specific areas to the enemy. HEPF Mk-1 (E) rockets are advance version of inservice HEPF rockets which have enhanced range to strike deep into enemy territory with precision and lethality.

The procurement of ADM Type-1 (DPICM) and HEPF Mk-1 (E) rockets will mark a significant milestone in the modernisation of the Artillery Rocket Regiments. These advanced ADM (DPICM) and HEPF ammunition will play a crucial role in bolstering the Indian Army's firepower by enabling precise and long-range strikes.

Beyond enhancing national defence capabilities, these projects have immense potential of direct and indirect employment generation by encouraging the Indian MSME sector through components' manufacturing. The procurement marks a pivotal step towards modernising India's defence infrastructure and empowering indigenous industries, which will be a proud flag-bearer of 'Aatmanirbhar Bharat' vision of the Government.

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