Mahindra Defence bags ~1,349-crore contract for Indian Navy

Mahindra & Mahindra on Friday said group firm Mahindra Defence Systems (MDS) has bagged a contract worth ~1,349.95 crore for manufacturing of Integrated Antisubmarine Warfare Defence Suite (IADS) for modern warships of Indian Navy from the government.

Competitive bids from Indian firms were invited by the Ministry of Defence (MOD) through open tender wherein the systems fielded were put through detailed trials at sea to prove their capability, Mahindra & Mahindra said in a filing.

Mahindra Defence would be supplying 14 IADS systems for the Indian Navy warships, it added.

Commenting on the development, Mahindra Defence Systems Chairman SP Shukla said, “It is the first major contract with the private sector meant for underwater detection and protection from threats. This contract once again epitomises the success of the Atmanirbhar Bharat initiative.” IADS is high-end underwater equipment that uses the latest technology along with a complex array of sensors, designed to detect and protect warships from underwater threats, the company said.