DFS Secy reviews performance of Public Sector Insurance Companies (See 'Corp Brief') Patent Agent Examination 2026 held with 5,500 Candidates (See 'Corp Brief') CCI permits Chrys Capital to pick up equity in Nash Industries (See 'Corp Brief') Arbitration and Conciliation Act - as per Sections 38 & 39 of CPC, a decree can be executed by court with competent jurisdiction, including court where respondent's assets are located: HC (See 'Legal Desk') PFRDA undertakes NPS Outreach for MSMEs at Vibrant Gujarat (See 'Corp Brief') TRAI assesses Network Quality Across Nasik and Surrounding Area (See 'Corp Brief') YUVA AI: A step towards democratising access to AI Knowledge (See 'Corp Brief') SEBI - Direct acquisition of shares in Vodafone Idea by Government, arising from conversion of interest on deferred spectrum auction and AGR dues into equity, should be exempted from mandatory open offer requirements: SEBI (See 'Legal Desk') 'Jo Vaada Kiya, Wo Nibhana Padega' - Promissory Estoppel Reaffirmed: Supreme Court Reiterates the Rules of State Accountability (See CORP EINSICHT) Strategic Alliance between ICAR and NDDB to strengthen Innovation (See 'Corp Brief') BHASHINI Samudaye: Strengthening India's Language AI Ecosystem (See 'Corp Brief') Industrial Units are entitled to disbursal of capital investment subsidy & DG Set subsidy, and State Functionary is precluded from refusing to disburse same: SC (See 'Legal Desk') Minister reviews steps to romote manufacturing of Rare Earth Permanent Magnets (See 'Corp Brief') IIT Delhi hosts Seminar on advancing Quality Assessment of Medicinal Plants (See 'Corp Brief') IPR - Importance of doctrine of 'initial interest confusion' in pharmaceutical trade, affirming that even fleeting moment of confusion at initial stage is sufficient for infringement: HC (See 'Legal Desk') Pradhan interacts with PM-YUVA 3.0 authors at World Book Fair 2026 (See 'Corp Brief') Chouhan addresses Young Leaders at Viksit Bharat Dialogue 2026 (See 'Corp Brief') IBC/RTI - RTI application rightly rejected where Applicant was unable to demonstrate any significant public interest justifying the disclosure of information: IBBI (See 'Legal Desk') Health Pavilion emerges as major attraction at Vibrant Gujarat (See 'Corp Brief') MoS hosts informal interaction with J&K and Ladakh participants (See 'Corp Brief') Companies Law - Sec 433 of Companies Act, 2013 , which empowers NCLT/NCLAT to apply Limitation Act, 1963, cannot be given retrospective effect to empower CLB: SC (See 'Legal Desk') Pradhan inaugurates New Delhi World Book Fair 2026 (See 'Corp Brief') Department of Fisheries' push for Capacity building in Fisheries and Aquaculture Sector (See 'Corp Brief') PMLA - If accused is not in possession of sufficient assets to satisfy interest of all depositors/investors/victims, then only available option with PMLA Court is to proportionately divide available assets amongst creditors/depositors/investors: SAFEMA (See 'Legal Desk') Arbitration and Conciliation Act, 1996 - provisions of Section 8 of Commercial Courts Act, 2015, bar filing of a revision petition against interlocutory order of Commercial Court, except in exceptional circumstances: HC (See 'Legal Desk') IBC - Deed of undertaking is not guarantee, and resolution plan does not extinguish rights against third-party security providers unless debt is fully satisfied: SC (See 'Legal Desk') PMLA - Continued incarceration of under-trial, without commencement or reasonable progress of trial, results in pre-trial detention being converted into punishment, which is impermissible in law: SC (See 'Legal Desk')

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.

TIOL CORP SEARCH

TIOL GROUP WEBSITES