India’s defence suppliers gain after govt approves $2.6 bln mounted gun purchase

India on Saturday approved the purchase of $2.6 bln worth mounted gun systems.

Written by Reuters

November 24, 2014 11:02 IST

Tata Power Company gains 0.8 pct, Larsen & Toubro rises 0.6 pct, Bharat Forge is up 2 pct.

India on Saturday approved the purchase of $2.6 bln worth mounted gun systems.

Traders say Indian companies to bag a major portion of the order through collaboration with foreign manufacturers.

Tata Power’s Strategic Engineering Division unveiled its first mounted gun system in 2012 – Media reports.

This article was first uploaded on November twenty-four, twenty fourteen, at two minutes past eleven in the morning.