From Financialexpress · Anwesha Mitra · · 1m 10s
Nagastra Deal Boosts India's Private Defence Sector
India's Army orders Rs 158 crore Nagastra-1R loitering munitions, strengthening indigenous defence capabilities.
In brief
India's Army orders Rs 158 crore Nagastra-1R loitering munitions, strengthening indigenous defence capabilities. India's Army received 450 Nagastra-1R loitering munitions for Rs 158 crore, boosting private defence sector growth and indigenous military tech. Originally reported by Financialexpress.
Army Orders Nagastra-1R
The Indian Army took delivery of 450 Nagastra 1R loitering munitions for Rs 158 crore.
Indigenous Development
Solar Defence and Aerospace Limited developed the Nagastra-1R loitering munitions indigenously.
Loitering Munitions Role
Loitering munitions offer faster reaction times against concealed targets without high-value assets.
Operation Sindoor Use
Nagastra drones were deployed during Operation Sindoor to neutralize Pakistani air defense systems.
First Indigenous Munition
India received its first indigenous loitering munition, Nagastra-1, in 2024 under emergency procurement.
Export Orders
Solar Industries secured Rs 2,039 crore in export orders for advanced defence products by December 2024.
Emergency Procurement
The government fast-tracked emergency procurement after Operation Sindoor for Rs 1981.90 crore in military equipment.
Defence Ministry Deal
The Defence Ministry signed a Rs 1,577 crore contract for loiter munition systems through Fast Track Procedure.
Strategic Impact
The Nagastra deal strengthens India's private defence sector and indigenous military capabilities.
The short version
India's Army received 450 Nagastra-1R loitering munitions for Rs 158 crore, boosting private defence sector growth and indigenous military tech.
