MoD signs ₹1,577 crore contracts with Tata Advanced Systems and NIBE for loiter munition systems
The Ministry of Defence signed contracts worth about ₹1,577 crore with Tata Advanced Systems Limited and NIBE Private Limited on 14 August 2026 for loiter munition systems for the Indian Army's artillery regiments.
Summary
The Ministry of Defence signed contracts with Tata Advanced Systems Limited and NIBE Private Limited on 14 August 2026 for Loiter Munition Systems, munitions and accessories for the Indian Army at an approximate cost of ₹1,577 crore. The contracts were signed in New Delhi in the presence of Defence Secretary Rajesh Kumar Singh. The systems will enhance the capability of the Army's Artillery Regiments. The procurement is under the Buy (Indian) category through the Fast Track Procedure.
Key facts
- Value
- ~₹1,577 crore
- Vendors
- Tata Advanced Systems Ltd; NIBE Pvt Ltd
- User
- Indian Army Artillery Regiments
- Category
- Buy (Indian), Fast Track Procedure
- Signed
- 14 Aug 2026, New Delhi, before Defence Secretary Rajesh Kumar Singh
Practice MCQs 2 questions
With which two firms did the Ministry of Defence sign ₹1,577 crore contracts for loiter munition systems on 14 August 2026?
Show answer
Correct answer: C — Tata Advanced Systems and NIBE
The contracts were signed with Tata Advanced Systems Limited and NIBE Private Limited for the Indian Army's artillery regiments.
Under which procurement route are the loiter munition systems contracted on 14 August 2026 being acquired?
Show answer
Correct answer: B — Buy (Indian) through Fast Track Procedure
The loiter munition systems are being procured under the Buy (Indian) category through the Fast Track Procedure.