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

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Published: November 24, 2014 11:02:30 AM

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

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.

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