Bharat Forge wins Rs178-cr defence ministry order for Kalyani M4 vehicles
26 Feb 2021
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The Defence Acquisition Council of the defence ministry has placed an order worth Rs177.95 crore with Bharat Forge for the manufacture and supply of Kalyani M4 vehicles.
Under the contract, which is part of a Rs13,700 crore emergency procurement by the ministry, entails production and supply of 200 Kalyani M4 vehicles..
Pune-based Bharat Forge has entered into a partnership with global aerospace and technology firm Paramount Group to manufacture armoured vehicles in the country.
The agreement was signed a day before during the International Defence Expo held in Abu Dhabi.
"This collaboration brings together the manufacturing and technology excellence of two leading companies, which have matching synergies and complementary capabilities. The Kalyani M4 is a fantastic new generation vehicle, and we want to position it as the future of protection in all markets world-wide," Bharat Forge deputy managing director Amit Kalyani said.
The Kalyani M4 is a multi-role platform, designed to meet the specific requirements of armed forces for quick mobility in rough terrain and in areas affected by mine and IED threats.
“It is intended that the ‘Kalyani M4’ will see service with the Indian armed forces in the very near future. The Kalyani M4 successfully completed a series of extreme vehicle trials in some of the toughest environments," a statement from the two companies said.
Indian multinational company Bharat Forge limited has bagged an order worth Rs 177.95 crore from the Indian Ministry of Defence for the supply of Kalyani M4 vehicles.
The Defence Acquisition Council (DAC), chaired by degence minister Rajnath Singh has approved capital acquisition proposals of various weapons/platforms/equipment/systems required by the Indian Army, Indian Navy and Indian Air Force, in New Delhi on Tuesday.
Three Acceptance of Necessities (AoNs) for an overall cost of Rs13,700 crore were accorded. All these AoNs are in the highest priority category of Defence Acquisition viz 'Buy [Indian-IDDM (Indigenously Designed, Developed and Manufactured)].
All these acquisition proposals will be indigenously designed, developed and manufactured. These will include inter-alia platforms and systems designed and developed by Defence Research and Development Organisation (DRDO).
The DAC also decided that all capital acquisition contracts (delegated and non-delegated) other than D&D cases shall be concluded in two years. The ministry, in consultation with the Services and all stakeholders, will come up with detailed plan of action for achieving the same.
