New Delhi: The Government of India, to further strengthen its military power, is planning to buy 500 Invar anti-tank guided missiles (ATGMs) from Bharat Dynamics (BDL) at a cost of around Rs 2,000 to 3,000 crore. These missiles will be used from T-90 tanks. This deal will strengthen military preparedness on India's western and northern borders. Following this news, BDL shares jumped 4% to their new 52-week high of Rs 1,991.50 on 27 May. This purchase will promote 'Atmanirbhar Bharat' and 'Make in India' initiatives. This deal will further strengthen the army on India's western and northern borders. T-90 tanks are used in these areas.
The government is preparing to make the country's defense system even more powerful. For this, anti-tank missiles will be purchased from Bharat Dynamics Limited. The government is going to order about 500 Invar Anti-Tank Guided Missiles (ATGMs). This defense deal will cost about Rs 2,000 crore to Rs 3,000 crore. A senior government official has given this information.
These missiles will be fired specifically from T-90 tanks. The specialty of these missiles is that they hit the target with utmost accuracy. The Indian Army is already using these missiles. Buying more missiles now will make India's tank regiment even stronger.
An official said, 'Invar missiles are designed to be launched from tank platforms. The Defense Ministry is finalizing the order of 500 missiles from Bharat Dynamics, the total cost of which is expected to be between Rs 2,000 crore and Rs 3,000 crore.' This means that these missiles can be launched from the tank itself. The Defense Ministry will soon order 500 missiles.
Budget discussions continue
The official further said that financial assessment is going on on this proposal right now. Financial assessment means that it is being seen how much this deal will cost. Only after this report will it be decided who will give the final approval to this deal. He said, 'In defense purchase matters, there are different levels of approval according to the cost. Orders up to Rs 2,000 crore can be passed with the approval of the Defense Minister. If the amount is close to Rs 3,000 crore, it requires the approval of the Finance Minister. If the cost is more than Rs 3,000 crore, the deal has to get the approval of the Cabinet.'
Big proposal needs DAC approval
The official also told about the Defense Acquisition Council (DAC). He said that such big proposals go through the DAC. DAC works under the chairmanship of the Defense Minister. It can approve defense purchases up to Rs 2000 crore. Amounts above this require higher level approval. The official also said that after Operation Sindoor, the Defense Minister had approved Rs 40,000 crore under emergency provisions for the purchase of weapons and ammunition for the Indian Army.
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