India to procure nuclear-capable missiles worth $2.36 billion

NEW DELHI

Indian Defense Ministry signed contracts for procurement of nuclear-capable BrahMos supersonic cruise missiles at the cost of 195.2 billion rupees ($2.36 billion) for the Indian Navy, an official statement said on Friday.

“The contract for procurement of BrahMos missiles has been signed with BrahMos Aerospace Private Limited at a cost of Rs 19,518.65 crore (195.2 billion rupees). These missiles would be utilized to meet combat outfit and training requirements of the Indian Navy,” the ministry said in the statement.

The contract was among the five major capital acquisition contracts signed by the Indian Defense Ministry to further boost make-in-India initiative on Friday, the ministry said.

The five contracts, ministry said, includes, procurement of aero-engines for MiG-29 aircraft; close-in weapon system and procurement of High-Power Radar and procurement of Ship borne Brahmos system for the Indian Defense Forces.

Last month, the Cabinet Committee on Security cleared the acquisition of over 200 BrahMos extended-range supersonic cruise missiles for deployment on its warships.