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Defence sources told India Today the Akash missile system has generated a lot of interest among countries in the Middle East, South American nations including Brazil, Egypt from Africa and other friendly countries.
PV Raja Ram has taken charge as director of production at Bharat Dynamics Limited (BDL), under the Ministry of Defence.
The contract, which was signed at New Delhi on Thursday is for two regiments of the Indian Army and is to be executed in three years.
Bharat Dynamics rose 1.53% to Rs 344.30 after the company said that it is geared up to take up export orders for Akash Missile. With the announcement from the Union Cabinet regarding clearance of Akash Weapon System for export, Bharat Dynamics (BDL), the manufacturer of Akash Missile, is geared up to take up export order. Given the export potential and demand of Akash in the international market, BDL has been promoting the product at various forums including national and international exhibitions The missile being offered for exports will be of a different version. BDL is already supplying T...