NEW DELHI (TIP): The Tata Group is set to ink an agreement with the government to sell 1,200 trucks to the defence forces in a deal valued at close to Rs 1,000 crore.
In addition, it has emerged as the lowest bidder for a contract for mini-unmanned aerial vehicles (UAV) from the Indian Army’s Northern Command, although the terms of the deal are yet to be finalized. The twin deals come at a time when the group is looking to ramp up its presence in the defence segment through several of its group companies and has managed to generate an order book of close to Rs 8,000 crore.
The salt to software conglomerate saw revenues of close to Rs 1,700 crore during the last financial year and is expecting a growth of around 40% during the current financial year, Mukund Rajan, member – group executive council and brand custodian, Tata Sons told reporters.
While Tata Motors is expected to sign the deal for the 6×6 trucks after Tatra was blacklisted over its alleged involvement in the irregularities, Tata Advanced Systems Ltd (TASL) is the top contender for the mini-UAV contract. TASL vice-president Sukaran Singh said that the company has been approached by several original equipment manufacturers (OEMs) work related to aircraft components.